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July 12, 2004 at 08:00 PM
NU Online News Service, July 12, 2004, 12:12 p.m. EDT
Massachusetts Mutual Life Insurance Company, Springfield, Mass., is including Syracuse, N.Y., in a program that provides $50,000 in free life insurance for working parents in eligible communities.[@@]
The program arranges 10-year, level-term life insurance coverage for working parents between the ages of 19 and 42. 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.
