Magnetic coupling between two CoFeB layers through the W insertion layer is important in the conventional double CoFeB/MgO interface, magnetic tunneling junctions (MTJs) (double-MTJs) with MgO/CoFeB/W/CoFeB/MgO free layer stack because it increases the effective magnetic volume of the free layer. The magnetic coupling energy constant per unit area, Jcpl, between two CoFeB layers through the W layer and the effective perpendicular magnetic anisotropy (PMA) energy constant per unit area, Kefft*, were investigated for conventional double-MTJs with various W insertion layer thicknesses. As the W layer thickness increased, Kefft* increased and Jcpl decreased. There exists a trade-off relationship between Jcpl and Kefft*. In conventional double-MTJs with a single W insertion layer, large values for Jcpl and Kefft* were difficult to obtain simultaneously. To improve this tradeoff, we employed a free layer stack with a thin ferromagnetic layer (ferromagnetic bridge layer: FBL) located in the W insertion layer. In the double-MTJs with FBL annealed at 400 °C, a large Jcpl value of 0.37 mJ/m2 was achieved while maintaining the maximum values of Kefft*. Accordingly, the MTJ with FBL provides an MTJ stack structure for obtaining high thermal stability.