MassMutual is offering free term life insurance to frontline healthcare workers across Massachusetts and Connecticut through its new HealthBridge initiative in response to the COVID-19 pandemic.
MassMutual HealthBridge is our way of helping the everyday heroes on the front lines who are sacrificing so much in the fight against COVID-19,” said Roger Crandall, MassMutual Chairman, President, and CEO. “We are giving back by doing what we have done best for nearly 170 years – 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.”
Applications will begin to be accepted by the end of April.
In response to COVID-19, the program provides a free 3-year term life insurance policy for employees of licensed hospitals, urgent care centers, or emergency medical services providers.
- Available if you live or work in MA or CT
- No physical exam or lab testing required
- $25,000 death benefit for an applicant age 18-50; $10,000 for an applicant age 51-60
- Easy online application
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’s employees, whose jobs may involve occupational exposure to the virus are eligible for the 3-year term no-cost life policies of up to $25,000. By uploading proof of employment and filling out a short application on the HealthBridge page, qualified healthcare workers will receive this free element of financial protection – completed fully online – from MassMutual.
HealthBridge is an extension of MassMutual’s current LifeBridge 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. The Massachusetts-based insurer estimates the initiative will provide approximately $3 billion of insurance coverage.
“Healthcare workers are on the frontline supporting our communities during this unprecedented public health crisis and the risks that they face are significant,” 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.”
State of Connecticut Insurance Department Commissioner Andrew N. Mais added, “We already work closely with MassMutual on their LifeBridge program. This is a natural – and much welcome – addition during a time when healthcare professionals are worried about themselves and their families. We’re 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.”
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 page.
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’ COVID-19 Response Fund as well as support for the Boston Resiliency Fund. 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 beyond educators to families in which the parents/guardians are currently taking on secondary roles as their children’s teachers.