Rising number of Americans turning to their life insurance in financial uncertainty

Life insurance - Key

A growing number of people in the US are using the policies to help get through inflation. The number of Americans turning to their life insurance policies to help get through inflation and economic uncertainty without having to tap into retirement accounts already suffering from 2022’s volatility. There has been a substantial increase in Americans taking out loans or withdrawals from policies. According to Massachusetts Mutual Life Insurance Co data, last quarter showed a 31 percent year-over-year increase in the number of Americans taking out loans from or withdrawing from…

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MassMutual to gift $3 billion in life insurance policies to front line workers

Life Insurance Policies - healthcare workers

This is the latest in a string of announcements insurers have made in the face of COVID-19. Massachusetts Mutual Life Insurance Company has launched a $3 billion life insurance policies assistance program for Connecticut and Massachusetts health care workers. This assistance effort is called the MassMutual HealthBridge program for workers in health care. The MassMutual HealthBridge program will offer health care employees up to $25,000 in free, three-year term life insurance policies. It will be available to active employees of urgent care centers, licensed hospitals, or emergency medical services providers…

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What options are available for life insurance after being diagnosed with breast cancer?

Awareness, early detection, and ever-improving medical treatments are allowing a growing number of women who have received a breast cancer diagnosis to survive the disease and live long and full lives. However, due to this complication to their medical histories, it can make these breast cancer survivors assume that there won’t be any life insurance options available to them that will help to protect their families. For some, a diagnosis of breast cancer has meant a significant increase in life insurance premiums, even after treatments have been successfully completed for…

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