Herald JournalHerald Journal, June 13, 2005

Local agent is offering free insurance to low income people

By Lynda Jensen

A deal that is too good to pass up is being offered by an insurance agent from Howard Lake, Al Carroll-Pezzella.

His company, MassMutual of Minneapolis, is offering free 10-year term life insurance policies for low-income people.

“There’s no hooks, no lines, and no sinkers,” Carroll-Pezzella said.

The offer extends to those with an income between $10,000 and $40,000 per year, between the ages of 19 and 42.

“They must be working, either full- or part-time,” Carroll-Pezzella said.

For example, a single parent with one or more children who makes $25,000 would qualify, he said.

Insurance premiums are to be paid by the insurance company. The company is giving away 20,000 such policies nationwide.

The policy provides a $50,000 death benefit if the insured dies during the 10-year term of the policy. The money is paid to a trust fund set up by MassMutual.

The money must be used toward the child’s education, whether that is preschool, private school or a college/university, he said.

There are no out-of-pocket costs to the insured or the insured’s children, Carroll-Pezzella said.

Other criteria of the offer includes:

• an applicant must have one or more dependent children under 18 (legal guardians qualify).

• the potential insured person must not have been diagnosed with heart disease, cancer, or HIV

• they must currently not use drugs or alcohol, or have been treated for drug or alcohol abuse within the last 10 years

• they must not have been convicted of driving under the influence within the last five years,

• and not be an insulin dependent diabetic.

MassMutual is a Fortune 100 company, which is headquartered in Hartford, Conn.

Why is it offering free insurance? As its commitment to education, answered Caroll-Pezzella.

Carroll-Pezzella is the husband of Pastor Myra Carroll-Pezzella at the Howard Lake First Presbyterian Church.

Church to host meeting Sat.

Those interested in the free insurance offer should attend a meeting hosted at First Presbyterian Church, 9 a.m. to 1 p.m. Saturday June 25.

Bring a check stub to show proof of income, an ‘04 tax statement, the social security numbers of children, and proper identification.

There may be blood drawn at this time to detemine if there are pre-existing conditions such as HIV or other medical conditions.

To set up an appointment, or for more information, call (612) 492-9357.

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