Monday, March 9, 2009

Free Life Insurance Available For Some Vermonters



BURLINGTON, Vt. -- Vermonters between the ages of 19 and 42 in good health might be eligible for free life insurance.

A program, created to help low-income Vermonters establish a safety net they normally wouldn't be able to afford, could provide some people with free life insurance if they qualify, NewsChannel 5's Mia Moran reported.

Getting blood drawn wasn't what Michael Mosley, of Essex Junction, had in mind for his Saturday morning, but the father of two young children is going through with it anyway, hoping it will be a load off his mind one day down the road.

"If anything was to happen to me, it would be terrible if I didn't have life insurance," Mosley said. "I don't know what they would do."

Mosley was one of more than a dozen people filling out paperwork and answering medical questions for the chance to receive free life insurance through a program called Lifebridge.

"It's a 10-year term, $50,000 worth of life insurance to any Vermonter," said John Olson, of Pastore Financial Group. "Anyone across the United States, frankly, has a household income of $10,000 to $40,000 per year."

Olson, who's helping people in Vermont apply for the insurance, said the money would go toward their child's education for those who qualify.

"People in this income category, after putting food on the table, are just not able to afford to put any kind of protection in place," Olson said.

To find out if you qualify, call 802-862-9622.

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