SPRINGFIELD, Mass. & BOSTON–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance coverage Firm (MassMutual) right this moment introduced the launch of MassMutual HealthBridge, which can present free time period life insurance coverage to the courageous and resilient frontline healthcare staff throughout Massachusetts and Connecticut risking their lives in the course of the COVID-19 pandemic. MassMutual is dedicated to its Dwell Mutual perception that we’re all on this collectively and is providing native healthcare staff who’re placing their security on the road no-cost insurance policies of as much as $25,000.
All lively staff of licensed hospitals, pressing care facilities or emergency medical companies suppliers in Massachusetts and Connecticut, the first operational areas for a lot of of MassMutual’s staff, whose jobs might contain occupational publicity to the virus are eligible for the 3-year time period life insurance policies. By importing proof of employment and filling out a brief utility on the HealthBridge web page, certified healthcare staff will obtain this free aspect of monetary safety – accomplished absolutely on-line – from MassMutual.
“MassMutual HealthBridge is our manner of serving to the on a regular basis heroes on the entrance strains who’re sacrificing a lot within the combat towards COVID-19,” stated Roger Crandall, MassMutual Chairman, President and CEO. “We’re giving again by doing what we’ve got finished greatest for almost 170 years – serving to to offer monetary safety and safety to people and households for occasions each deliberate and unplanned. We will by no means repay healthcare staff for his or her selfless efforts throughout this disaster, however by serving to them defend their family members, we hope we will contribute to their peace of thoughts as they work to guard us all.”
HealthBridge, totaling $Three billion of insurance coverage protection, is an extension of MassMutual’s present LifeBridge program, which has been offering free life insurance coverage for almost 20 years to income-eligible households to assist kids with instructional bills within the occasion a father or mother or guardian passes away.
State of Connecticut Insurance coverage Division Commissioner Andrew N. Mais added, “We already work intently with MassMutual on their LifeBridge program. This can be a pure – and far welcome – addition throughout a time when healthcare professionals are apprehensive about themselves and their households. We’re grateful that MassMutual is stepping as much as assist these very important personnel who’re tenaciously battling the virus with a multi-year, multi-million greenback dedication.”
“Healthcare staff are on the frontline supporting our communities throughout this unprecedented public well being disaster and the dangers that they face are important,” stated Massachusetts Insurance coverage Commissioner Gary D. Anderson. “Now greater than ever, it’s essential that regulators and insurers acknowledge the significance of versatile and revolutionary merchandise that allow these important personnel to do their jobs as effectively as potential whereas realizing that their households are protected.”
HealthBridge guaranteed-issue insurance policies for eligible candidates could be paid to their family members within the occasion of their demise. people can discover extra info on the HealthBridge web page. Purposes will start to be accepted by the top of April.
Along with HealthBridge, MassMutual lately supplied $1.5 million in assist to COVID-19 response funds throughout the state of Massachusetts, together with seed funding for Neighborhood Basis of Western Massachusetts’ COVID-19 Response Fund in addition to assist for the Boston Resiliency Fund. The corporate additionally redeployed its Springfield-based Wellness Middle well being professionals to Baystate Well being and donated private protecting tools to Baystate and Mercy Hospital to serve broader group wants. Moreover, the corporate prolonged its free FutureSmart digital monetary literacy curriculum past educators to households wherein the mother and father/guardians are presently taking over secondary roles as their kids’s academics.
MassMutual is a number one mutual life insurance coverage firm that’s run for the advantage of its members and taking part policyowners. MassMutual gives a variety of monetary services and products, together with life insurance coverage, incapacity revenue insurance coverage, long run care insurance coverage, annuities, retirement plans and different worker advantages. For extra info, go to www.massmutual.com.