Life insurance company John Hancock made a splash recently with the news that soon all of its policies would come bundled with the option to let the company track your fitness -- via either a website and app, or through the use of a fitness tracker like an Apple Watch or Fitbit. The move underscores how fitness tracker data is an as-yet largely untapped gold mine for businesses -- particularly in industries like insurance, whose financial bottom line directly depends on the health of their customers. John Hancock isn't particularly shy about this: "The longer people live, the more money we make," as the company's CEO Brooks Tingle put it to The New York Times. The published research on Fitbits and similar devices, however, has yet to uncover a clear link between fitness tracking and fitness, to say nothing of longevity and mortality, or of insurance companies' profits. But there is some solid evidence that if the use of the devices is paired with incentives like rewards, challenges … [Read more...] about Should you hand over your Fitbit data to your insurance company?
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By Washington Post PUBLISHED: September 25, 2018 at 8:37 am | UPDATED: September 25, 2018 at 8:42 am By Christopher Ingraham | The Washington Post Life insurance company John Hancock made a splash last week with the news that soon all of its policies would come bundled with the option to let the company track your fitness – via either a website and app, or through the use of a fitness tracker like an Apple Watch or Fitbit. The move underscores how fitness tracker data is an as-yet largely untapped gold mine for businesses – particularly in industries like insurance, whose financial bottom line directly depends on the health of their customers. John Hancock isn’t particularly shy about this: “The longer people live, the more money we make,” as the company’s CEO Brooks Tingle put it to the New York Times. The published research on Fitbits and similar devices, however, has yet to uncover a clear link between fitness tracking and fitness, to say … [Read more...] about An insurance company wants you to hand over your Fitbit data so it can make more money. Should you?
Hospital case managers take pride in being knowledgeable about the care options they can offer their clients, so it can be uncomfortable for them to not have answers ready when faced by a family who needs to know how they’re going pay for senior care when it’s needed.So much so, that they may not even risk asking those clients if they have a Long-Term Care Insurance policy.Amada Senior Care CEO/Owner Ken Jenson has found that many case managers don’t want to ask that question, because they don’t have answers to the questions that will follow. “A lot of their clients have these assets that are accessible for homecare or assisted living, and they’re not being asked that question because the information base isn’t there,” he says.That’s why Amada is offering seminars to educate case managers, directors of case management, hospital employees, skilled nursing facility employees and nurses about these options.Statistically, about 15 … [Read more...] about Amada CEU seminar educates on complexities of Long-Term Care Insurance, Sept. 24
THEY say that “you don't buy insurance because you are going to die, but because those you love are going to live.”Good news, then, that there has never been a broader range of insurance products designed to help us protect our loved ones.However, like so many things in personal finance, this is a bit of a double-sided coin: on the plus side, with ever more varied and tailored insurance policies, we have a rich choice and plenty of scope to find the product that exactly suits our needs.On the other hand, shopping around and finding that one right product is more complicated than ever, too. It is not advisable to attempt this alone. Here's why.A new study by the University of Nottingham has found that today's insurance policies are too complicated for eight out of 10 of the UK population to understand. This is what makes using the advice and guidance of an independent financial adviser so crucial when shopping for insurance.For the research, people were given a number of … [Read more...] about Insurance is all about the right advice
Updated 9:29 AM ET, Sun May 13, 2018 Portland, Oregon (CNN)All Erika Zak wants to do is play with her daughter on the playground. Take her to the zoo. Walk her to school. She's never been able to be the mother she longs to be. At 38, Erika is dying. Her battle to live began almost as soon as her daughter, Loïe, was born four years ago, when Erika was diagnosed with stage 4 metastatic colon cancer that had spread to her liver. The cancer was removed from her colon and, her doctors say, she responded well to treatment. But a microwave ablation surgery last year to remove two tumors from her liver went terribly wrong, leaving a fist-sized hole in her liver and destroying her bile ducts. Read More Every day since has been a fight to survive. She's been hospitalized 19 times in Oregon over the last 12 months for infections, bleeding and an array of other health issues. She has high blood pressure in her liver, which backs up the veins in her esophagus and can be … [Read more...] about A dying mother’s plea for her life