NEWPORT BEACH, Calif.--(BUSINESS WIRE)--As part of Pacific Life’s 150th anniversary celebration and in honor of Life Insurance Awareness month, the Pacific Life Foundation has sponsored four $15,000 scholarships through Life Happens (www.LifeHappens.org) and its annual Life Lessons Scholarship Program to aid the financial burden for students who have lost a parent without life insurance. Scholarships were awarded to students in communities where Pacific Life employees live and work, including Tama Henderson-Semo and Guadalupe Ramos from California, Dillon Smith from Nebraska, and Shayna Underwood from Virginia.
“The loss of a parent and related financial stress is difficult for anyone, but for many young people, it comes at the expense of other dreams, like an education,” said Tennyson Oyler, president of the Pacific Life Foundation. “A college education is a major financial commitment, one that is infinitely more challenging to shoulder for a student when a parent dies leaving little or no life insurance, which is unfortunately a reality in today’s world. We hope that our scholarships help alleviate some of the burden these students have taken on and reinforce how important life insurance is as a financial safety net that parents can leave their children.”
The scholarship evaluation process began in early spring, with nearly 100 Pacific Life employees who volunteered to review and score applications. Entrants were college students or college-bound high school students and were asked to submit essays or videos about how the death of a parent impacted their lives.
About Pacific Life and the Pacific Life Foundation
The Pacific Life Foundation was established in 1984. Together with Pacific Life, the Foundation has contributed more than $102 million to community and national nonprofit organizations. Grants are made to organizations that address a broad spectrum of social needs.
Celebrating 150 years of service, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations.
Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2018 is compiled by Pacific Life using the 2018 FORTUNE 500® list.