Free life insurance! Massachusetts Mutual Life Insurance Co., in partnership with the Barnabas Center, will issue $50,000 10-year term life insurance policies to benefit the children of eligible working families in the Fernandina Beach area, at no cost to the families. MassMutual pays the premiums through its national philanthropic program, LifeBridge.
The company will meet with the Barnabas Center and other non-profit organizations to explain the program from noon to 1 p.m. Sept. 19 at the Barnabas Center, 11 South 11th Street.
Parents and legal guardians between the ages of 19 and 42 may apply for the insurance coverage. They must have one or more dependent children under the age of 18, be working full or part-time with a total family income between $10,000 and $40,000, and be permanent legal residents of the U.S. and in good health.
The policy proceeds help to pay for the education of eligible children if their insured parent or legal guardian dies during the 10-year policy term.