Survey: Clients want insurance discounts based on wellness—you can deliver!

Jan 11, 2019

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  1. Charley Parker
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    Charley Parker Contributor

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    Insurance Forums Sponsored Advertorial
    Are you interested in offering your clients rewards for making healthy decisions? Our recent survey shows that consumers are eager to receive them.

    Offer your clients Wellness Rewards®

    Survey results reveal that, if offered a life insurance discount or incentive, nine out of ten consumers (92%) would be motivated to maintain a specific weight level and four out of five (81%) say they would be more likely to have an annual check-up1.

    Our Wellness for Life® rider delivers discounts based on precisely those behaviors!

    Wellness for Life offers policy owners discounts on their cost of insurance charges if they visit the doctor at least once every other year. They can earn greater discounts if they manage their weight within an individualized range determined when they buy their policy. All they’re required to do is submit the form from their doctor at least every other year. It’s that simple.

    Last year marked the 10th anniversary of the launch of Global Atlantic’s Wellness for Life® rider. We were the first insurance company to introduce such a rider, and, to date, we’ve issued over 50,000.

    Now we’ve made the Wellness for Life rider free!

    As of January, 2019, the Wellness for Life rider now available at no charge on all eligible policies.

    This is just another example of our desire to make earning Wellness Rewards® as simple as possible. While other wellness approaches add complexity by requiring insureds to track activity via wearable devices, the Wellness for Life rider requires no wearables. And there’s no tracking involved. It doesn’t result in fluctuating premiums, just cost of insurance discounts. It’s easy to understand, and participation is simple. In our experience, customers who have purchased the rider have better life expectancy.

    With Wellness for Life, consumers can give their policy values a boost in the same way taking certain actions can boost their health and happiness—and it now costs them nothing.

    Access all you need to give your clients Wellness for Life

    ----------------------------------------------------------------------------------------------
    1The Global Atlantic Wellness Survey was completed by Echo Research using an online omnibus methodology among a random sample of the general U.S. adult population. A total of 1,003 interviews were completed between July 23 and 25, 2018. The overall margin of error for this sample size is +/- 3.1% at the 95 percent confidence level.

    Globalatlantic.com


    The Wellness for Life® rider is not available in ID, IN, MA, MD, MN, MT, ND, NY, PA, VA, WA or NH.

    Products issued by Accordia Life and Annuity Company, 215 10th Street, Des Moines, Iowa. Accordia Life is a subsidiary of Global Atlantic Financial Group Limited. Rider form ULWFL-E14.

    Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company and Forethought Life Insurance Company. Each subsidiary is responsible for its own financial and contractual obligations.

    FOR PRODUCER INFORMATION AND REFERENCE ONLY. NOT FOR USE WITH THE PUBLIC.

    D2151 (01-19)

    Copyright ©2019 Global Atlantic. All rights reserved.
     
    Last edited: Jul 12, 2019
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