{"id":18336,"date":"2020-04-15T13:00:00","date_gmt":"2020-04-15T17:00:00","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=oarticle&p=5377559"},"modified":"2020-04-15T13:00:00","modified_gmt":"2020-04-15T17:00:00","slug":"massmutual-donates-3b-of-free-life-insurance-to-healthcare-workers","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/15\/massmutual-donates-3b-of-free-life-insurance-to-healthcare-workers\/","title":{"rendered":"MassMutual Donates $3B Of Free Life Insurance To Healthcare Workers"},"content":{"rendered":"
\nBusiness Wire<\/span><\/div>\n
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Massachusetts Mutual Life Insurance Company<\/a> (MassMutual) today announced the launch of MassMutual HealthBridge<\/a>, which will provide free term life insurance to the brave and resilient frontline healthcare workers across Massachusetts and Connecticut risking their lives during the COVID-19 pandemic.<\/p>\n

MassMutual is committed to its Live Mutual<\/a> belief that we are all in this together and is offering local healthcare workers who are putting their safety on the line no-cost policies of up to $25,000.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20200415005106\/en\/<\/a><\/p>\n

\"MassMutual\"MassMutual<\/p>\n

MassMutual Announces $3 Billion of Free Life Insurance for Healthcare Workers on the COVID-19 Frontline (Photo: Business Wire)<\/p>\n<\/div>\n

All active employees of licensed hospitals, urgent care centers or emergency medical services providers in Massachusetts and Connecticut, the primary operational locations for many of MassMutual\u2019s employees, whose jobs may involve occupational exposure to the virus are eligible for the 3-year term life policies. By uploading proof of employment and filling out a short application on the HealthBridge<\/a> page, qualified healthcare workers will receive this free element of financial protection \u2013 completed fully online \u2013 from MassMutual.<\/p>\n

\u201cMassMutual HealthBridge is our way of helping the everyday heroes on the front lines who are sacrificing so much in the fight against COVID-19,\u201d said Roger Crandall, MassMutual Chairman, President and CEO. \u201cWe are giving back by doing what we have done best for nearly 170 years \u2013 helping to provide financial security and protection to individuals and families for events both planned and unplanned. We can never repay healthcare workers for their selfless efforts during this crisis, but by helping them protect their loved ones, we hope we can contribute to their peace of mind as they work to protect us all.\u201d<\/p>\n

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HealthBridge, totaling $3 billion of insurance coverage, is an extension of MassMutual\u2019s current LifeBridge<\/a> program, which has been providing free life insurance for nearly two decades to income-eligible families to help children with educational expenses in the event a parent or guardian passes away.<\/p>\n

State of Connecticut Insurance Department Commissioner Andrew N. Mais added, \u201cWe already work closely with MassMutual on their LifeBridge program. This is a natural \u2013 and much welcome \u2013 addition during a time when healthcare professionals are worried about themselves and their families. We\u2019re thankful that MassMutual is stepping up to support these vital personnel who are tenaciously battling the virus with a multi-year, multi-million dollar commitment.\u201d<\/p>\n

\u201cHealthcare workers are on the frontline supporting our communities during this unprecedented public health crisis and the risks that they face are significant,\u201d said Massachusetts Insurance Commissioner Gary D. Anderson. “Now more than ever, it is critical that regulators and insurers recognize the importance of flexible and innovative products that enable these essential personnel to do their jobs as efficiently as possible while knowing that their families are protected.\u201d<\/p>\n

HealthBridge guaranteed-issue policies for eligible applicants would be paid to their loved ones in the event of their death. Interested individuals can find more information on the HealthBridge<\/a> page. Applications will begin to be accepted by the end of April.<\/p>\n

In addition to HealthBridge, MassMutual recently provided $1.5 million in support to COVID-19 response funds across the state of Massachusetts, including seed funding for Community Foundation of Western Massachusetts\u2019 COVID-19 Response Fund <\/a>as well as support for the Boston Resiliency Fund<\/a>. The company also redeployed its Springfield-based Wellness Center health professionals to Baystate Health and donated personal protective equipment to Baystate and Mercy Hospital to serve broader community needs. Additionally, the company extended its free FutureSmart digital financial literacy curriculum<\/a> beyond educators to families in which the parents\/guardians are currently taking on secondary roles as their children\u2019s teachers.<\/p>\n

About MassMutual<\/i><\/b><\/p>\n

MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.massmutual.com<\/a>.<\/i><\/p>\n<\/div>\n

Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business Wire Massachusetts Mutual Life Insurance Company (MassMutual) today announced the launch of MassMutual HealthBridge, which will provide free term life insurance to the brave and resilient frontline healthcare workers across Massachusetts and Connecticut...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18336"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18336"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18336\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}