The Lakewood Resource and Referral Center and MassMutual Sponsor Second Set of
Application Meetings for Free Life Insurance Policies in Lakewood, NJ
MassMutual's LifeBridge Program has Already Given Away $350 Million of Free
Insurance to Eligible Working Parents
LAKEWOOD, N.J., July 3 /PRNewswire/ -- MassMutual Financial Group, locally
represented by Mr. Shimshon (Sam) Lowy, CLTC of Emerald Financial Resources,
is hosting its second set of application meetings with the Lakewood Resource
and Referral Center for parents to apply for free $50,000 term life insurance
policies under MassMutual's philanthropic LifeBridge(SM) Free Life Insurance
Program. If an insured parent or legal guardian passes away during the 10-
year term of the policy, $50,000 is put in trust to pay solely for the
educational expenses of their dependent children.
Lowy is donating his time to offer the program to the community through
the Lakewood Resource and Referral Center and the Lakewood Schools. "After
already giving away nearly $2.5 million in free insurance coverage last
January in Lakewood, we are pleased to extend this opportunity to more
families locally," said Lowy. "Our philanthropic goal is to ensure that as
many families as possible apply for LifeBridge. There is no cost to any
insured person or his family because MassMutual pays the premiums. The peace
of mind provided is invaluable."
Application meetings are scheduled at the Hollander Hotzalah Building, 501
W. County Line Rd., on Monday, July 9th, from 9:30 - noon and 3 - 7 p.m.
Appointments can be made by call 1-800-767-1000 ext. 22051. Appointments are
preferred; walk-ins are welcome.
LifeBridge applicants must meet all program criteria and be:
* between the ages of 19-42 (inclusive);
* 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 of between $10,000 and $40,000 on their most recent income
tax return; and
* in good health, as determined by MassMutual's guidelines.
Each LifeBridge policy has a 10-year policy term. If the insured parent
or legal guardian dies during that time, the $50,000 life insurance benefit
will be paid to a trust administered by the MassMutual Trust Company, FSB on
behalf of the children. The trust pays the educational expenses of the
children directly to the educational institution.
Various types of schools qualify for reimbursement including pre-school,
private school, vocational school, community college, universities, art and
music schools or graduate schools. Some of the expenses covered include
books, tuition, and on-campus room and board.
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life
Insurance Company (MassMutual) and its affiliates, with more than $450 billion
in assets under management at year-end 2006.
Founded in 1851, MassMutual is a mutually owned financial protection,
accumulation and income management company headquartered in Springfield, Mass.
MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital
Management LLC; Baring Asset Management Limited; Cornerstone Real Estate
Advisers LLC; MML Investors Services, Inc., member NASD and SiPC (www.nasd.org
and www.sipc.org); MassMutual International LLC and The MassMutual Trust
Company, FSB. MassMutual is on the Internet at www.massmutual.com
The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com.
human resources management resources for hr professionals. |
HR menus
|
HR events
|
HR Sitemap