MassMutual Offers Free Insurance Coverage
Life insurance can provide loved ones with financial security in the event of the policyholder’s death. For $250,000 worth of coverage, insurance coverage can require as little as a few hundred dollars per year in premium payments, something several families can afford. However if you are looking for an even better price, try MassMutual Financial Group of Massachusetts. The business has put free of charge insurance coverage on the table, states Bankrate. Source for this article – Free term life insurance is available now by MoneyBlogNewz.
Stay healthy to keep free insurance coverage
Getting life insurance is typically suggested for somebody who’s young and healthy right away. This is because rates are substantially lower then. If a person has dependents, life insurance is almost always a good idea. Term life insurance will pay, for a fixed rate, for life insurance coverage for a limited time period. At the end of the term, coverage expires unless additional coverage is obtained. Death benefits are paid if the insured dies in the term.
Take the MassMutual LifeBridge to free of charge term life insurance
MassMutual Financial Group is willing to set aside $50,000 in free term life insurance that could be applied toward the education of the policyholder’s kids in the event of the policyholder’s untimely death. This may seem too good to be true, however Bankrate.com says MassMutual is the real deal. Provided an individual meets the qualifications for the free of charge term life insurance policy through MassMutual’s LifeBridge program, the money can be there for the future. There’s a 10 year trust for the $50,000. The children’s tuition, fees, room and board and other things needed for college, private school, trade school or pre-school is paid for with the money if the policyholder dies during the life insurance term. Children can use the policy for either 10 years or until age 35 after the policyholder dies, dependent upon which is later.
Requirements
Those interested in MassMutual’s LifeBridge life insurance program must meet the following qualifications:
- Be at least 19 but not older than 42
- Be the parent or legal guardian of one or more dependent children younger than 18
- Be a permanent legal resident of the U.S.
- Be employed full or part time and have a family income between $10,000 and $40,000
- Be the only parent or guardian in your household to apply
- Be in good health in the view of MassMutual underwriters
- Have not been diagnosed with heart disease, cancer, HIV or Type 1 diabetes
- Have not abused drugs or alcohol at any time within the past 10 years
- Are not currently on probation
Before free life insurance approval is allowed, a blood and urine test is needed. The policy becomes ineffective if there is suicide within 2 years of the date. There’s a MassMutual Financial Group site. This is where you need to go to learn more.
Articles cited
Bankrate
bankrate.com/financing/insurance/free-term-life-from-massmutual/
MassMutual Financial Group
massmutual.com/
MassMutual LifeBridge Brochure
massmutual.com/mmfg/pdf/lifebridge_eligibility.pdf
MassMutual LifeBridge FAQ
massmutual.com/mmfg/pdf/LifeBridge_FAQ.pdf
Wikipedia
en.wikipedia.org/wiki/Term_life_insurance
Belinda Carlisle – Live Your Life Be Free
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