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Nuggets Team Up With MassMutual

The Denver Nuggets are teaming up with Massachusetts Mutual Life Insurance Company (MassMutual) providing free $50,000 term life insurance policies to benefit children of working families in Denver and the surrounding communities. MassMutual pays all insurance premiums on the policies as part of the company’s philanthropic LifeBridgeSM program. Eligible parents and legal guardians may apply for this coverage during a public event:

Date: Wednesday, December 9th
Time: 3:00 p.m. – 7:30 p.m.
Location: Girls Inc. of Metro Denver, 1499 Julian Street, Denver, CO

This LifeBridge event is in follow-up to MassMutual’s FutureSmart Challenge which visited Denver in November in conjunction with the Denver Nuggets. The FutureSmart program aims to teach middle school students about smart money management skills and the importance of education to give them a leg up for their financial future.

Eligible applicants should call Girls Inc. at 303-893-4363 to schedule their 15 minute appointment. Appointments are preferred.

Policy Eligibility

Parents and legal guardians between the ages of 19 and 42 may apply for this insurance coverage. They must:

  • Have one or more dependent children under the age of 18
  • Be working full or part-time with a total family income of between $10,000 and $40,000
  • Be permanent, legal residents of the U.S.
  • Be in good health, as determined by MassMutual’s underwriting guidelines.

Policy Details

If an insured parent or guardian dies during the 10-year policy term, MassMutual will deposit the $50,000 face amount into a trust administered by The MassMutual Trust Co., FSB, a wholly owned stock subsidiary of MassMutual, on behalf of the children. The trust will pay the educational expenses of the children directly to the educational institution they attend. The money can be used to help pay for educational expenses such as books, tuition, fees and campus room and board. The types of schools covered include pre-school, private school, trade school, colleges, universities, art, music and graduate schools.