Massachusetts Mutual Life Insurance coverage Firm (MassMutual) has expanded its life insurance coverage programme MassMutual HealthBridge to a further 5 states with the best quantity of Covid-19 instances.
The programme affords free time period life insurance coverage to frontline healthcare employees battling the disaster.
With the enlargement, the programme will now be out there in New York, New Jersey, California, Illinois and Arizona.
Beforehand, the corporate launched HealthBridge in Massachusetts and Connecticut.
MassMutual offers native healthcare employees with free insurance policies of as much as $25,000. Just lately, the corporate expanded eligibility to incorporate further healthcare employees and volunteers underneath the programme.
At current, Energetic workers and qualifying volunteers working in healthcare amenities together with licensed hospitals, pressing care centres, and non permanent Covid therapy amenities can apply for the three-year time period life insurance policies provided by the corporate.
MassMutual chairman, president and CEO Roger Crandal mentioned: “We had been proud to create HealthBridge as our means of claiming thanks to the courageous frontline employees who’re doing a lot to assist others on the top of this pandemic.
“With the enlargement of this programme, we’ll be sure that extra individuals in additional states qualify for this useful safety, serving to to offer peace of thoughts as they proceed to place the well being and well-being of others above their very own.”
HealthBridge, totalling $3bn of insurance coverage protection, is an extension of the corporate’s 20 years previous LifeBridge programme. The programme affords free life insurance coverage to income-eligible households to assist kids with academic bills in case a mother or father or guardian passes away.