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Protect Your Children Education At No Cost To You

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Protect Your Children Education At No Cost To You

When it comes to laying the foundation for a child' success, there is no substitute for education. For this reason, one major financial services organization has undertaken to make sure that children who are touched by family tragedy (namely, the death of a parent) do not face a second loss, that of an opportunity to continue their education.

The LifeBridge'ree Life Insurance Program, announced by MassMutual Financial Group, will provide up to $1 billion in insurance coverage-20,000 term life policies each with a $50,000 death benefit-to help qualified parents protect their children's education. If an insurred parent dies during the 10-year term of the policy, the death benefit will be put in trust to pay the educational expenses of his or her eligible children. The benefit covers a variety of educational expenses, including books and tuitions.

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Massachusetts Mutual Life Insurance Company (MassMutual) pays the premiums for all policies issued under the LifeBridge Free Life Insurance Program; there is no out-of-pocket cost to the insured individual or his/her children. The program is aimed squarely at the children of the people who need it most. The LifeBridge Free Life Insurance Program is available in most states except Maine, New Mexico, South Dakota, and West Virginia

'With the pressure of work, bills and normal household responsibilities, a great number of Americans need peace of mind that their children's educational future will be protected if a prent dies,' said Robert J. O'Connell, chairman, president and chief executive officer of MassMutual.

Under the program, individuals are eligible to participate if they:

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are between the ages of 19 and 42
are currently employed (either full or part time)
are the parent or legal guardian of one or more dependent children under age 18

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are a permanent, legal resident of the U.S.
have a total family income between $10,000 (minimum) and $40,000 (maximum)
are the only family ......

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Protect Your Children Education At No Cost To You