he Cigna Foundation and New York Life Foundation each are making initial contributions of $25 million to seed the Brave of Heart Fund. The New York Life Foundation will also match the first $25 million of additional individual donations received. The companies hope to raise more than $100 million to protect these families from financial hardship and provide behavioral and emotional support. The Fund will be administered by the nonprofit E4E Relief.
“I would like to thank the Cigna Foundation and New York Life Foundation for launching the Brave of Heart Fund to benefit families of frontline U.S. healthcare workers, including those in Indiana who lost their lives due to the COVID-19 pandemic, and for providing their families with financial and emotional support,” said Indiana Department of Insurance Commissioner Stephen W. Robertson. Both Cigna and New York Life serve Indiana consumers with insurance products regulated by the Indiana Department of Insurance.
Individuals and corporations can donate to the Brave of Heart Fund by visiting www.braveofheartfund.com. The Fund will be ready to accept applications for its first grants in May 2020.
About Indiana Department of Insurance
The Indiana Department of Insurance protects Indiana's insurance consumers by monitoring and regulating the financial strengths and market conduct activities of insurance companies and agents. The department monitors insurance companies and agents for compliance with state laws to protect consumers and to offer them the best array of insurance products available. The department also assists Hoosiers with insurance questions and provides guidance in understanding how insurance policies work.