A college education is already a major financial challenge for most American families, but it becomes infinitely more difficult for a student when a parent dies, leaving little or no life insurance.
Life insurance is an important financial safety net that parents can leave their families. Unfortunately nearly 102 million Americans don’t have life insurance, and most with coverage have far less than recommended.
Recognizing the character and perseverance that so many young people show in the face of such adversity, Life Happens sponsors the annual Life Lessons Scholarship Program for college students and college-bound high school seniors. Qualified entrants who submit essays or videos about how the death of a parent impacted their lives are eligible for scholarship money. Over three million dollars in college scholarships have been awarded over the years.
To apply you must meet eligibility requirements and submit an original 500 word essay OR 3 minute video discussing how the death of your parent or guardian affected your life financially and emotionally. Be sure to include:
• How the loss of your parent/guardian impacted your college plans
• How the lack of adequate life insurance coverage (or no coverage at all) impacted your family’s financial situation
• Indicate what you have done to provide for yourself and/or other family members because of financial challenges your family has faced.
Applications are accepted each year from February 1 to March 1.