Apple Watch app Cardiogram, which is designed to provide you with more information on the heart rate readings obtained from the Apple Watch, is teaming up with Greenhouse Life Insurance Company and Amica Life to offer up to $1,000 worth of accidental death insurance to Apple Watch owners.

Cardiogram users can get the deal starting today through the Cardiogram app for iOS. The offer is available in Wisconsin, Arizona, Indiana, and Georgia, and will be expanding to other states in the future.

Greenhouse Life Insurance Company, launched from RGA, and Amica Life are the latest insurance companies to embrace the Apple Watch. Health and life insurance providers have been increasingly incorporating data from wearable devices into their plans to encourage preventative care.

Companies like John Hancock and Aetna, for example, provide discounted Apple Watch devices to their customers, encouraging them to be more active to improve health.

"Ultimately, life insurers save dollars by saving lives," said Brandon Ballinger, co-founder of Cardiogram. In multiple clinical studies, Cardiogram has validated the accuracy of its artificial intelligence-based algorithm, DeepHeart, to detect multiple chronic conditions - including hypertension, sleep apnea, diabetes and atrial fibrillation - using the heart rate sensor on consumer wearables. "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 Cardiogram accidental death insurance plan provides coverage in the case of a fatal accident. It is not as comprehensive as full coverage life insurance, but it does not require a medical examination. Customers who opt into a free $1,000 plan have the option to upgrade to $100,000 to $500,000 worth of coverage for $9 to $41 per month.

In addition to the Apple Watch, the program is also available for all devices that support Cardiogram, which includes accessories from Garmin and those that run WearOS from Google.

Cardiogram can be downloaded from the App Store for free. [Direct Link]