August 26, 2008
MassMutual To Offer Free Insurance In Worcester
By Matthew L. Brown
Springfield-based Massachusetts Mutual Life Insurance Co. says it will begin offering free $50,000, 10-year life insurance policies to working families in the Worcester area.
The company said it expects to issue $1 billion in free term life coverage through a philanthropic program it calls LifeBridge. The company pays the premiums. Policy proceeds help pay for children's education if their insured parent or legal guardian dies during the policy's 10-year term.
The LifeBridge program was launched in 2002, and MassMutual says it has issued more than 8,800 policies under the program since then.
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