(Image source: MassMutual.)
MassMutual (Springfield, Mass.) has announced the launch of MassMutual HealthBridge, whereby the company will provide free term life insurance to frontline healthcare workers across Massachusetts and Connecticut during the COVID-19 pandemic.
“MassMutual is committed to its Live Mutual 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,” a company statement says
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 life policies, according to the MassMutual statement. 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 from MassMutual, that can be completed fully online.
“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,” comments Roger Crandall, Chairman, President and CEO, MassMutual. “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.”
HealthBridge, totaling $3 billion of insurance coverage, 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.
‘Natural and Much Welcome Addition’
“We already work closely with MassMutual on their LifeBridge program,” comments Andrew N. Mais, Insurance Department Commissioner, State of Connecticut. “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.”
“Healthcare workers are on the frontline supporting our communities during this unprecedented public health crisis and the risks that they face are significant,” comments Gary D. Anderson, Massachusetts Insurance Commissioner. “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.”
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. MassMutual says will begin accepting applications by the end of April.
Additional $1.5M for COVID-19 Response Funds
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.
Insurers Respond to COVID-19, Helping Policyholders, Communities