Insurance provider Aetna is providing the Apple Watch for free for its employees while offering it in monthly installments for its customers, but the insurance company is not alone. After 2 months, Canadian insurer John Hancock has decided to sell the Apple Watch Series 2 to its employees for just $25 down - under certain conditions. Of course, John Hancock isn't the second insurer to do so: Lockton, DaVita Health, and Amgen are providing monthly fitness goals for their employees to get the Apple Watch -- for the same initial fee.
The conditions pertain to fitness. John Hancock expects its employees to exercise and stay physically fit, so the company has stipulated that the $25 Apple Watch 2 price tag will only apply for employees who participate in the company's Vitality program. Participating employees are expected to stay active and let their Apple Watch Series 2 wearable record their biking, running, hiking, and swimming activities for 24 months. At the end of the 2 years, should participating employees meet the health requirements and stay physically active each day, they will be freed from any payment obligations with a loss of just the initial $25 fee.
The deal sounds enticing, but it's done in order to ensure that the insurer's employees are living up to the mandate of the company. Insurance companies want to promote good health because good health is the key to insurance companies saving money and getting more life insurance, for example, with current companies. Exercise is not everything, though: some individuals just have genetic health conditions that are as sure as the sun will rise. Still, exercise has never harmed anyone, if done properly.
What do you think? Wish you could get the Apple Watch 2 for just $25, or would you rather pay the full price than go through the exercise discipline for 2 years?