Insurer offers latest Apple Watch for $25 - if you exercise | Cult of Mac

Insurer offers latest Apple Watch for $25 – if you exercise

By

apple watch
Health companies are embracing Apple Watch
Photo: Apple

Signing up for life insurance might just be one of the cheapest ways to get a new Apple Watch Series 3 now.

John Hancock revealed today that it is offering all of its new and existing life insurance customers the opportunity to earn an Apple Watch Series 3 for $25. All you have to do is put in the exercise to work for it.

Instead of paying the full $359 price tag for the Apple Watch Series 3, John Hancock will give you one for an initial fee of $25. Then if you hit the monthly exercise goals your monthly installment plan fee is waived.

John Hancock
John Hancock’s Vitality Today app.
Photo: John Hancock

The insurer isn’t the first to entice customers with a cheap Apple Watch in exchange for living a more healthy lifestyle. South African insurer Discovery Health launched a similar plan last year. John Hancock’s expanded plan makes it available to more people than ever though. Now customers on its lower-cost term life insurance for $15 per month can get in on the action.

“The addition of the Apple Watch program to our John Hancock Vitality solution over the past year has already resulted in an increase in participating customers’ activities and engagement as compared to others in our program,” said Brooks Tingle, senior vice president of marketing and strategy at John Hancock. “We’re excited to expand the offer of the Apple Watch Series 3 to all of our John Hancock Vitality customers.”

To earn your exercise points, customers just have to connect the Apple Watch to the John Hancock Vitality Today App. You can then earn points by performing workouts with the watch, or by tracking your steps.

If you don’t like the Apple Watch Series 3, John Hancock will give you a complimentary FitBit.