LIFE Foundation’s Annual Scholarship Program Provides Financial Aid to Students Whose Parents Died with Little or No Life Insurance
By Vanessa De La Rosa
Arlington, Va. – July 8, 2013 – The nonprofit LIFE Foundation is encouraging the public to cast a vote to help determine which of two top video scholarship recipients will be named the LIFE Lessons Grand Prize Video winner. The finalists are among 24 students receiving scholarships in 2013 as part of LIFE’s LIFE Lessons Scholarship Program, an annual effort to help young people who have lost a parent or guardian achieve their dream of higher education. Both students will receive $7,500 and the chance to win an additional $7,500 determined by the public vote for the $15,000 Grand Prize.
To enter, high school and college students were invited to submit an essay or video describing how the death of a parent or guardian has impacted their lives. Voting is open until July 31 on the LIFE Foundation Facebook page and can be accessed at www.lifehappens.org/scholarship-vote. Individuals wishing to cast a vote can do so once per 24 hours..
The students featured in the vote are the following two finalists:
• Thea Jaucian, Long Beach, CA – When Thea was a senior in high school, her stepfather had a stroke and fell into a coma for two years. Thea made the difficult choice to delay her college plans after graduation in order to work two jobs to help support her family. When her stepfather unfortunately passed away, Thea and her mother struggled to keep up with mounting bills and were forced to leave their home. Thea, now 20, has worked hard to continue to pursue her stepfather’s dream for her to graduate college. She is currently a sophomore and with the help of scholarships and financial aid, hopes to achieve her goal.
• Breann Loveless, Provo, UT – As a 17-year-old high school graduate with a college acceptance letter, Breann should feel like she is about to embark on the best years of her life. Since both of her parents passed away 3 days apart without substantial life insurance coverage, she may be forced to put her dreams on hold. Breann and her siblings have had to move to less expensive housing, take on extra jobs, and rely on the help of relatives and friends to make ends meet. Breann is in need of a scholarship to alleviate the rising costs of a college education.
“When a parent dies without adequate life insurance, their children’s dreams of attending college are often the first to have to be put on hold. Thea and Breann are living examples of the financial struggles loved ones face when the people providing for them do not financially plan for the unexpected,” said Marvin H. Feldman, CLU, ChFC, RFC, president and CEO of the LIFE Foundation. “We want to encourage people to support them with their vote and in hearing their stories, think about the importance of including life insurance in their own financial plans.”
This year, LIFE will award 18 LIFE Lessons scholarships in the written 500 word essay category, and six scholarships in the 3 minute video category. The winner of the online video vote, as well as the other 2013 scholarship recipients, will be announced in August 2013.
About the LIFE Lessons Scholarship Program
The LIFE Lessons Scholarship is an annual program open to young people between the ages 17 and 24 who have survived a deceased parent or legal guardian, and are currently enrolled in or accepted to a college, university or trade school. Each year, applications are solicited in the spring and scholarship recipients are notified in the summer. To donate to the Scholarship Fund, visit www.lifehappens.org/donate. For more information about the LIFE Lessons Scholarship Program, including submission guidelines, rules, and a listing of past winners, visit www.lifehappens.org/lifelessons.
The Life and Health Insurance Foundation for Education (LIFE) inspires the public to take personal financial responsibility through the ownership of life insurance and related products. LIFE is the voice of choice for the industry providing the highest quality independent and objective information about life insurance and related products. To learn more about LIFE, go to www.lifehappens.org