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A Bridge to the Future
No-cost Life Insurance Ensures Education for Children of Qualified Parents
By Lyn Mettler
The company will issue 20,000 policies, providing up to $1 billion in insurance coverage.
According to Mass Mutual, less than one-quarter of households with incomes less than $25,000 own a group life insurance policy. When a parent dies, if he or she brought in the largest or sole income, that can leave the surviving parent and child in dire straits.
"Insurance products offer financial protection and provide a death benefit when an insured individual dies," says St. George. By purchasing a life insurance policy, you rest assured knowing your child will receive a designated amount of money upon your death. "LifeBridge will give income-eligible parents peace of mind," she says.
In addition, by ensuring that children receive a proper education, such programs benefit the community at large.
In order to qualify for the LifeBridge program, parents must meet a number of requirements. You must be:
- between the ages of 19 and 42.
- the parent or legal guardian or one or more dependent children younger than 18.
- a permanent, legal resident of the United States.
- currently employed either full or part time with a total family income not less than $10,000 or more than $40,000.
- the only member of your household to apply for the LifeBridge(SM) program.
- in good health.
You are not eligible if you:
- hve been diagnosed with heart disease, cancer or HIV.
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