In partnership with Amica Life and Greenhouse Life Insurance, Cardiogram – a Health App developer has announced the launch of – Accidental Death insurance coverage for wearable technology users.
This product offers Apple Watch, Android Wear, or Garmin wearers the opportunity to qualify for $1,000 of term life insurance for free for 12 months. Qualified Cardiogram users then have the option to purchase up to $500,000 of additional Accidental Death insurance coverage through the app in as little as three minutes. The cover runs on an AI algorithm called DeepHeart which is capable of detecting multiple chronic conditions such as hypertension, sleep apnea, diabetes and atrial fibrillation – using the heart rate sensor on consumer wearables.
Unlike term life insurance or whole life insurance, AD insurance has no deductible, does not require a medical exam, and is generally quick and easy to obtain.
Brandon Ballinger, co-founder of Cardiogram has said of the launch: “This launch is a step toward using wearables to improve health. One of the first challenges we faced was to distill the complex world of life insurance into a simple set of screens that ordinary people can understand on their phones.”
The cover is available to Cardiogram app users on both iPhone and Android devices in selected states, and is compatible with multiple wearables, including Apple Watch. Google’s WearOS platform and the Garmin Forerunner, Fenix, and Vivoactive series.
