Insurance giant John Hancock, owned by Canadian company Manulife Financial Corp., announced Thursday a switch to “interactive” life-insurance policies only, which offer incentives for things like wearing a Fitbit or other fitness tracker.

Source: CBC News

Date: September 20th, 2018

Link: https://www.cbc.ca/news/business/privacy-life-insurance-john-hancock-1.4833193

Discussion

1) When I read articles like this and people complain about “invasion of privacy”, I am always drawn to the fact that no one is making you buy life insurance policies from Manulife Financial.  Is this an appropriate way, or not, to think about technological invasion?

2) Why does it make sense for Manulife Financial to do this?