MassMutual Offers Free Life Insurance in Vermont

Massachusetts Mutual Life Insurance Company (MassMutual) has expanded its free LifeBridge program to Vermont residents. It offers $50,000 in life insurance that would be paid into a fund for the education of a person's children if the covered individual passes away.

Eligibility requirements:

• Must be a parent or legal guardian
• Earn under $40,000 per year
• Between the ages of 19 to 42

The life insurance money can be used for a variety of educational expenses, including college tuition, tutoring, pre-school fees, or other related expenses. Signups took place at local YMCA locations.

A total of 10,000 LifeBridge policies have been written throughout the country over the past seven years, and just six have been paid out. Therefore, it doesn't cost MassMutual a lot of money but gives them good press.