Life Insurance Quotes

MassMutual provides free life insurance for eligible parents and guardians

08/10/11

The Massachusetts Mutual Life Insurance Company is taking steps to provide coverage to families who otherwise might not be able to afford it. It's giving away free $50,000 term life insurance policies that will benefit the children of working families in Charlotte, North Carolina. MassMutual will pay all the premiums as part of the organization's LifeBridgeSM philanthropic program.

Parents and legal guardians between the ages of 19 and 42 can begin applying for the free coverage during the North Carolina Missions of Mercy-Charlotte event on Friday, August 19. The parents and legal guardians must be in good health, legal U.S. residents and have a full or part-time job.

"LifeBridge is a unique and important program and I am pleased to be bringing free life insurance to local families for their children's education," said the director of North Carolina Missions of Mercy, Dr. Bill Blaylock. "LifeBridge will help bridge the gap between the financial realities Charlotte's hard-working families' face and their desire to make a better life for their children."

MassMutual reports that it has issued nearly 12,000 10-year life insurance policies since launching LifeBridge in 2002, representing almost $600 million in coverage.

According to the American Council of Life Insurers, individual life insurance policies represented 57 percent of all life policies in 2009. The total value of individual policies in the United States in 2009 was $10.3 trillion.

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