The Life and Health Insurance Foundation for Education recently announced 59 recipients of college scholarships for children with a deceased parent.
Esther Kim is one such student who lost her father to cancer. As a result, high school student Kim has to work a part-time job to help support her family.
Marvin Feldman, LIFE Foundation president and CEO, says stories like Kim’s highlight the importance of having life insurance.
“We are proud to help deserving young people like Esther and our other scholarship recipients to reach their college goals,” says Feldman. “We hope their stories remind parents to protect the financial well-being of their loved ones through proper financial planning.”
People may realize they need life insurance, but may not be sure where to turn for information. There are a variety of educational sources to chose from, including the Internet, such as LifeQuotes.com.
Speaking with an agent may also be helpful to determine how much coverage will be needed and which policy type will best suit a person’s circumstances.