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.
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