NU Online News Service, Jan. 19, 2004, 1:13 p.m. EST – Massachusetts Mutual Life Insurance Company, Springfield, Mass., is including Chicago in its free term life program.[@@]

The program provides $50,000 in free, 10-year, level-term life insurance coverage for working parents between the ages of 19 and 42 in eligible communities.

Children of participating parents who die can use the proceeds to pay for almost any kind of formal schooling, including pre-school, elementary school, high school, vocational school, college and graduate school, MassMutual says.

MassMutual started offering the LifeBridge program in Connecticut, Massachusetts, New Jersey and North Carolina in late 2002. It branched out into many other communities in 2003.

To qualify for the free coverage, parents must be permanent, legal U.S. residents in good health.

The parents must be working and show annual family incomes of $10,000 to $40,000 on their latest tax returns.

Legal guardians who meet the eligibility requirements also can apply for coverage.

Benefits will be paid to a trust administered by the MassMutual Trust Company F.S.B. on behalf of the children. The trust will make payments directly to the schools the children attend, MassMutual says.

John Molyneaux and the staff of Molyneaux Financial Group L.L.C., Chicago, are donating their time to offer the program locally.

Parents can get an eligibility form by calling 1-800-272-2216.