LexisNexis on closing America’s life insurance gap

“More people recognize and acknowledge the need for life insurance. But at the same time, more people are not choosing to make that financial step,” said Debra Gangelhoff (pictured), vice president and general manager of life insurance at LexisNexis Risk Solutions, a risk data and analytics provider.

To help bring awareness to the life insurance gap, LexisNexis has teamed up with the non-profit organization Life Happens as a sponsor in its annual Life Lessons Scholarship. The program provides financial scholarships to college students and college-bound high school seniors who have lost a parent or guardian with little or no life insurance.

Read more: LIMRA survey reveals impact of COVID-19 on US life insurance

After screening several applicants, LexisNexis selected Virginia student Taylor Bush as its recipient of the Life Lessons scholarship. Bush’s father, Ernest Bush, was a church building manager and a doting father of five. He contracted COVID-19 while on a church retreat and passed away in August 2020.

For Bush, the opportunity has lifted a weight off her family’s shoulders. “It has been really hard. My dad was always my first call if I ever needed anything,” she said.

Qualified entrants who submit essays or videos about how the death of a parent impacted their lives are eligible for scholarship money. Around $2.8 million in college scholarships have been awarded through the Life Lessons program since it began in 2005.

Gangelhoff commented: “When we heard Taylor’s story of perseverance and grace in managing the tragic loss of her father, all while maintaining her exemplary academic work and lifting family members up during such a difficult period, we knew that she had to be our first Life Lessons Scholarship recipient. Taylor is truly an inspiration and embodies the spirit and drive that Life Happens serves.”

Bush, who’s pursuing

Read the rest Continue Reading