These are 10 year term policies with a $50,000 face amount for certain eligible parents. The purpose of these policies is to provide money for a child of a deceased parent in a trust exclusively for school expenses. They have some requirements for eligibility:
• Between the ages of 19 and 42;
• The parent or legal guardian of one or more dependent children under age 18;
• A permanent, legal resident of the United States;
• Currently employed full or part time with a total family income not less than $10,000 or more than $40,000 annually;
• The only member of your household who has applied for the LifeBridge Free Life Insurance Program;
• In good health.
You would not be eligible if you:
• Have been diagnosed with heart disease, cancer, HIV or Type 1 Diabetes;
• Currently abuse drugs or alcohol or have abused them within the last 10 years;
• Are currently on probation. A life insurance company offering free insurance is an amazing sight to see. However Mass Mutual is not dumb that is why this is a 10 year term policy for only $50,000. The chances of a person in good health between the ages of 19-42 dying within ten years are slim. There will always be a few exceptions but most of the parents applying for this coverage will outlive the ten years. Mass Mutual relies on the very accurate mortality tables to be able to offer free insurance.
However, it does not hurt for eligible parents to apply for free life insurance and have more peace of mind.
Please email me, i would like to get my kids policies and i have been having problems with arthritis, please help me..
Posted by: hetaher kirsch | June 20, 2007 7:01 PM | Permalink to Comment