Empowering people living with diabetes to improve their health and financial wellness
BOSTON, MA (December 19, 2018) – Today, John Hancock announced a partnership with One Drop, a leader in the development of integrated digital therapeutics solutions for people with diabetes, whereby John Hancock Vitality life insurance customers will have direct access to One Drop’s diabetes management mobile app and curated content.
John Hancock Vitality provides customers, including those living with diabetes, financial protection, while rewarding them for the healthy activities they do, like exercising and eating well. One Drop is relentlessly focused on empowering people with diabetes by delivering modern world-class care that is accessible, affordable, effective, and convenient. Through the partnership, John Hancock and One Drop aim to combat myths around people with diabetes not qualifying for life insurance and offer an innovative solution that combines life insurance with a technology-enabled wellness program.
According to the Centers for Disease Control and Prevention (CDC), 9.4 percent of the U.S. population has diabetes, over 30 million people, and 33.9 percent, 84 million, has prediabetes.1 A survey commissioned by John Hancock found almost half (47 percent) of people living with diabetes are worried they won’t qualify for a life insurance policy, and another 45 percent assume it’s too expensive.2 However, more than 90 percent of all the people with diabetes who sought life insurance from John Hancock in the past 18 months qualified, with 88 percent of them receiving a standard or better rate.3
Living Longer, Healthier Lives
“We share One Drop’s passion for helping customers live longer, healthier lives, and we are in a unique position to do so,” said Brooks Tingle, president and CEO of John Hancock Insurance. “Our partnership with One Drop is rooted in this commitment and has the potential to truly impact the health and financial wellness of people living with diabetes or pre-diabetes in a positive way by providing them with access to the best technology, education and tools available, while helping provide financial protection for their families.”
John Hancock is the first ever U.S. life insurer to offer a solution that allows people with diabetes to save money and get rewarded for the everyday things they do to stay healthy and improve their condition. In fact, with John Hancock Vitality’s PLUS program, people can save up to 15 percent on their annual insurance premium and up to $600 a year on their healthy food purchases. Because One Drop members are already using One Drop’s technology to manage their condition, the John Hancock Vitality program rewards the continuation of those positive behaviors, while also providing financial protection.
“The future of diabetes care is empowering people to make better choices,” explains Jeff Dachis, One Drop CEO & founder. “One Drop uses data science, machine learning, and mobile computing to deliver cost-effective, hyper-personalized self-care solutions that empower people with diabetes to achieve outstanding health outcomes. In the same vein, John Hancock is empowering their members to promote lifelong wellness and better quality of life. We are working together to enable better, healthier, and longer living for both One Drop and John Hancock users.”
Like John Hancock Vitality, One Drop makes beneficial behavior decisions easy, accessible and tech-enabled. One Drop harnesses the power of mobile computing and data science to give customers the tools to track and manage their diabetes on their mobile devices, including storing self-care and health data, getting data-driven insights, setting goals, and more. One Drop’s platform not only works on smartphones but is also fully available on Apple Watch. The One Drop glucose monitor is the first and only glucose monitor to send blood glucose information directly to Apple Watch, and John Hancock is the first and only life insurer to offer customers the opportunity to earn an Apple Watch® for $25 (plus tax) by exercising regularly. Both companies share the mission of empowering people to manage their health seamlessly and conveniently, no matter where they are.
To learn more about John Hancock’s partnership with One Drop, please visit the site here.