Waterloo, ON (July 22, 2016) – Manulife and Garmin International Inc., a unit of Garmin Ltd., have announced that Garmin International is joining the Manulife Vitality program in Canada as a rewards provider. The Manulife Vitality program rewards members for making healthy choices, being active and is scheduled to be launched later this year.
Manulife will be offering members of the Manulife Vitality program a free Garmin v�vofit 3 wearable activity device when they register for the Manulife Vitality program as part of select new life insurance policies. The Garmin v�vofit 3 is a daily activity tracker with the capability of capturing activity data from a broad range of activities such as walking, running, biking, swimming and elliptical training.
“We are extremely excited to be selected as the wearable technology provider to Manulife Vitality members,” said Cliff Pemble, Garmin president and CEO. “Manulife’s innovative new insurance program recognizes the important role that wearable technology can play to encourage healthier, more active lifestyles.”
Members of the Manulife Vitality program earn Vitality Points when they complete healthy living activities like health education courses, exercising, getting an annual health screening, or even a flu shot. The number of Vitality Points a member accumulates over the course of a year determines their program status level. The greater the status that the member attains in the Manulife Vitality program the more they can enjoy the program rewards and benefits.
“The Garmin wearable technology fits in nicely with the Manulife Vitality program in Canada,” said Marianne Harrison, President and Chief Executive Officer, Manulife Canada. “The wearable device helps members keep track of their progress and motivate them to achieve their health and wellness goals. Through a seamless connection with Manulife Vitality a member can automatically be recognized for meeting daily fitness goals, which is exactly what this program is all about.”
Alan Pollard, CEO of The Vitality Group, commented, “Vitality research shows that wearable technology is effective when paired with the right incentives. Combining the features of a free Garmin device with Vitality incentives is a strong motivator to help people get active and improve their health.”
Manulife’s life insurance offer is for individual clients, and the Company continues to investigate opportunities to bring the Vitality program through other products.
All figures in CAD$ unless otherwise stated.
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.
At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers.
Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.
Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and v�vofit are registered trademarks; and Move IQ and Garmin Connect are trademarks of Garmin Ltd. or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
For more information, visit Garmin’s website at garmin.com.
Notice on Forward-Looking Statements
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2015, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE: Manulife Financial Corporation