Massachusetts Mutual Life Insurance is giving away $1 billion worth of life insurance coverage in 2008. Through a program called LifeBridge, MassMutual is offering a free $50,000 term life insurance policy (10-year term) for those individuals who are:
- age 19-42
- parent or legal guardian of a dependent child under the age of 18
- permanent, legal resident of the U.S.
- employed full or part time with annual family income between $10,000 and $40,000 per year
- in good health (as determined by their underwriting guidelines)
Only one policy per household is allowed. Death benefits are paid into a trust for the educational benefit of the insured's children.
A FAQ on this program is available by clicking here, and the LifeBridge eligibility form is here.
For those living in metro Atlanta, MassMutual will be taking applications in person on September 28 between 10am and 2pm at the Ben Hill United Methodist Church in Atlanta.