May 21
Free Education Insurance for Poor Working Families
A Massachusetts Mutual Life Insurance agency in Tucson Arizona has teamed with the Women’s Foundation of Southern Arizona to bring Mass Mutual’s LifeBridge Free Life Insurance program to the area.
MassMutual’s LifeBridge is a national philanthropic program developed by the company to provide specialized term life insurance support to families who need it. The LifeBridge policy provides 10-year term life insurance policies to eligible working parents to help pay for the cost of their children’s education in the event they die.
This coverage consists of $50,000 life insurance policies that are issued to a trust on the life of qualifying parents or legal guardians. The funds will help pay for the education of the eligible children who – in the event of a parent’s death during the policy’s term – may not be able to afford to complete their schooling. All premiums are paid entirely by MassMutual, with no fees ever for qualified parents or their children.
Parental qualifications include:
* Between the ages of 19-42.
* A permanent, legal U.S. resident.
* The parent or legal guardian of one or more dependent children under the age of 18.
* Currently employed — either full- or part-time.
* A family income of between $10,000 and $40,000 on the most recent income tax return.
* The only family member who has applied for the LifeBridge program.
* In good health, as determined by MassMutual’s underwriting guidelines.
Various types of schools qualify, including, but not limited to, pre- school, private school, vocational school, community college, universities, art and music schools or graduate schools.


