FREE LIFE INSURANCE

[Nikita2Charles 33]

I found out about this Free life insurance for Parents with minors

Here are some of the requirements

Between the Ages of 19 and 42

Permanent, Legal US. residents.

The parents or Legal guardians of one or more dependent under the age of 18

Currently employed either Full time or Part time

Have a Family Income of between 10,000 and $40,000 on your most recent income tax return

Be in Good Health

(define as not having heart disease, cancer or HIV; not currently abusing drugs, or alcohol, not having been treated for drugs or alcohol in the last 10 years, and not having been convicted of "driving under the influence" within the last five years.

To qualify for the insurance, workers have to take a blood and Urine test.

Last Fed tax 1040 or 1040A and last paystub, and proper ID like a driver's licence.

Children covered under the term policy have until age 35 to use the money held in trust, If the money is not used by the children after a parent's death, it is donated to one of FIVE scholarship program pre selected by the parents.

United Negro college fund

Hispanic Scholarship fund

National Achievers Society Scholarship fund

Urban League

Community Foundation of western Massuchsset

Worth sharing for more information GOOGLE IT!!!!

[Hilarious Clinton 452]

Does this program have a name to google? I googled "Free life insurance for Parents with minors" and didn't find much.

[Nikita2Charles 33]

Thanks For pointing this out, Here's the link from MassMutual insurance

http://www.massmutual.com/mmfg/about/commu...lifebridge.html

MassMutual pays the premiums for all policies issued under the LifeBridge Free Life Insurance Program. There is no out-of-pocket cost to any covered insured or his/her children. Each term life insurance policy awarded under the LifeBridge program will have a $50,000 death benefit.

Under the LifeBridge program, individuals will be eligible to apply if they are:

age 19-42;

the parent or legal guardian of one or more dependent children under the age of 18;

a permanent, legal resident of the United States;

currently employed full time or part time with a total annual family income that is not less than $10,000 nor more than $40,000 annually;

in good health as determined by MassMutual's underwriting guidelines; and

the only member of the household who has applied for the LifeBridge program.

If an insured dies during the 10-year term of the policy, the death benefit will be paid into a trust* established by MassMutual for the educational benefit of the children named by the insured. Benefits will be applied solely toward the education of the insured's eligible children. They will be used to help cover school expenses, including books and tuition.

For complete details and eligibility requirements, please view the PDF file below or contact us at 1-800-272-2216.

Edited July 25, 2006 by Nikita2Charles

[Hilarious Clinton 452]

sweet, thanks. Mass Mutual is a very solid company.

[gimygirl 0]

Have a Family Income of between 10,000 and $40,000 on your most recent income tax return

here's the actual catch (straight from their eligibilty form):

• • Currently employed full or part time with a total family income not less than $10,000 or more than $40,000 annually
  

thankfully, i'm nicely covered through my gov't position but this policy is a no go for any family that makes over $40k a year ... which i think many of us fall under! but thanks for the link!