Wednesday, 14 March 2007
MassMutual Offers Free Life Insurance For Ohio Parents
MassMutual Life Insurance Company is now offering free life insurance policies for low income parents in the Akron, Ohio area, with dependent children under the age of 18. The initiative, called the LifeBridge Free Life Insurance Program, offers 10-year term life policies worth $50,000 — with the premiums paid in full by MassMutual.
Eligible participants for the free life insurance program include working parents who are between 19 and 42 years old, who have one or more dependent children under the age of 18. They also must be employed full or part time with annual incomes between $10,000 and $40,000.
The benefit, in the event of the parent’s death, will go to a trust to help with the dependent child’s or children’s future education. Qualified expenses include tuition for most schools, colleges and universities, room and board, and textbooks.
“We are extremely excited to bring LifeBridge to the Akron area,” said MassMutual financial professional Amie L. Palffy. “We want to help ensure that access to educational opportunities exists for children of working families and not just those who are lucky enough to have parents with adequate financial means. There is absolutely no cost to the insured for a policy under the LifeBridge program.”
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