Life insurance for those who can't afford it December 21, 2006 2:47 PM
I saw this and thought someone might benefit from knowing about it! If you know of someone who might qualify and need it, please pass it on!
Under its LifeBridge program, MassMutual, one of the nation's largest life insurance companies, is offering term life policies with a $50,000 death benefit at no cost for families earning between $10,000 and $40,000.
Each policy has a 10-year term and must list the insured's children as the beneficiaries. If the insured parent or legal guardian dies during the 10-year period, the $50,000 benefit will be applied toward the children's education.
LifeBridge is available in all 50 states and the District. So far, MassMutual has written more than 5,700 policies, representing more than $285 million of insurance. Its goal is to issue 20,000 by Dec. 31, 2007. For more information about this program, call MassMutual toll-free at 800-272-2216.
· On the air: Michelle Singletary appears on Washington Post Radio (107.7 FM, 1500 AM) at 6:20 a.m. Thursdays. She also discusses personal finance Tuesdays on NPR's "Day to Day" program and online athttp://www.npr.org.
· By mail: Readers can write to her at The Washington Post, 1150 15th St. NW, Washington, D.C. 20071.
· By e-mail:firstname.lastname@example.org.
[ send green star]