NU Online News Service, July 14, 2004, 6:34 p.m. EDT
Massachusetts Mutual Life Insurance Company, Springfield, Mass., is including Kansas City, Mo., and its Kansas suburbs in a program that provides $50,000 in free life insurance for working parents in eligible communities.[@@]
The program provides 10-year, level-term life insurance coverage for working parents between the ages of 19 and 42. If participating parents die, the parents’ children can use the policy 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 in late 2002.
To qualify for the free coverage, parents must be permanent, legal U.S. residents in good health.