By Syed Razad, LSM Insurance
Special to the Financial Independence Hub
The cost of life insurance increases as you get older. It is also more expensive for people with less than perfect health. Even if you are in perfect health today, you could become ill tomorrow or your fitness level could drop, especially if you live a sedentary life. People generally become less active when they get older. Insurance companies are now launching new incentives to help keep Canadians fit and healthy longer.
Manulife, one of Canada’s top insurance companies, is introducing an innovative new product called the Vitality Program. This product rewards policyholders for maintaining a high level of health and fitness and Goodlife Fitness is going to help with reduced membership fees.
“You make choices every day. With Manulife Vitality, you get rewarded for the healthy ones.”
This is the first time such a program has ever been offered. The Vitality Program combines the benefits of life insurance with two great features:
• The opportunity to save money on your life insurance premiums
• The opportunity to earn valuable rewards for improving your health