Monday, April 20, 2015

Wearing a Health Tracker Can Get You Insurance Discounts

You probably got one over the holidays to help you stick to your health resolutions for the year; those rubbery little Fitbit bracelets that monitor your daily movement to help keep you moving. Now for the first time, an insurance agency is offering a life insurance discount to those who opt into their health monitoring program.

If opting into this life insurance program, you receive a Fitbit to monitor your every movement. Discounts can reach up to 15% for those who rack up points by exercising, sleeping right and living a healthy lifestyle. The better you perform, the better the discount.

However, not as many people are onboard with this idea as you might think due to its Big Brother-like qualities. No one wants to be banded and monitored 24-hours a day, 365 days a year.

In the grand scheme of things, savings are only slight at best. And if you slack on meeting the program's standards, the bracelet will tell on you and result in losing the discount. Also, the Fitbit will monitor your every movement - locations you visit, heart rate, preferences, etc. - which will be stored in the insurance company's computers, leaving this personal information open to hackers.

All-in-all, health tracking for life insurance is a notable idea, but maybe not yet ready to meet the world just yet. After all, 67% of poll trackers voted 'No' when asked if they would be open to being monitored. If you're looking for life insurance done the good ole' fashion way, visit local Lantana Insurance Agency B&B Insurance. We're the insurance professionals who will always be there when you need us most.

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