Springfield, Mass. - Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, Mass., is setting a best practice example that may not have a technology angle or result in increased premium revenue, but it has a long-term business benefit just the same.   The company is bringing its LifeBridge Free Life Insurance Program to the Tucson, Arizona area. MassMutual's LifeBridge is a national philanthropic program in which the company issues 10-year term life insurance policies to eligible working parents to help pay for the cost of their children's education in the event they die. Through LifeBridge, $50,000 life insurance policies are issued to a trust on the life of qualifying parents or legal guardians to help pay for the education of their eligible children who -- in the event of a parent's death during the policy's term -- may not be able to afford to complete their schooling. All premiums are paid entirely by MassMutual, with no fees for qualified parents or their children.   MassMutual has provided more than 5,800 10-year term life insurance policies since launching the now popular LifeBridge program in 2002, representing more than $290 million in free life insurance coverage.   Louise Orozco, CLU, of Generational Wealth Strategies, LLC, a MassMutual Agent based in Tucson, teamed up with the Women's Foundation of Southern Arizona to offer the LifeBridge Program to eligible families.   "We are extremely excited to bring LifeBridge to the Tucson area," says Louise Orozco. "We want to help ensure that access to educational opportunities exists for children of working families and not just those who are lucky enough to have parents with adequate financial means. There is absolutely no cost to the insured for a policy under the LifeBridge program."   To be eligible to apply for a term life insurance policy under the LifeBridge program, applicants must be:   * Between the ages of 19-42; * A permanent, legal U.S. resident; * The parent or legal guardian of one or more dependent children under the age of 18; * Currently employed -- either full- or part-time -- and have a family income between $10,000 and $40,000 on their most recent income tax return; * The only family member who has applied for the LifeBridge program; and * In good health, as determined by MassMutual's underwriting guidelines.   The money will be paid to a trust administered by The MassMutual Trust Company, FSB on behalf of the children. The trust will pay the educational expenses of the children directly to the educational institution they attend.   Various types of schools qualify, including, but not limited to, pre- school, private school, vocational school, community college, universities, art and music schools or graduate schools. Some of the educational expenses covered include books, tuition, and room and board.   Source: MassMutual  

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