NEWPORT BEACH, Calif.--(BUSINESS WIRE)--The Pacific Life Foundation has awarded five $15,000 college scholarships through Life Happens (www.LifeHappens.org) and its annual Life Lessons Scholarship Program to aid the financial burden of students who have lost a parent without life insurance. The scholarships are part of September’s Life Insurance Awareness Month, designed to help educate individuals on the importance and benefits of life insurance. Scholarships were awarded to students in states where Pacific Life employees live and work. Recipients include Nicholas Layman, Leandro Mantilla, and Rylee Martinez from California; Nakayla Hock from Nebraska; and William Notarianni from Virginia.
“The death of a parent is unthinkable for children and young adults, thrusting them into a new world of responsibilities, emotional turmoil, and financial hardship,” said Tennyson Oyler, president of the Pacific Life Foundation. “We are deeply connected to the Life Lessons Scholarship Program as it showcases the importance and impact of having life insurance protection, and are proud to provide scholarships to these students which will help shoulder some of their financial burden.”
Since 2018, the Foundation has provided $360,000 in college scholarships through Life Happens. This year, more than 240 Pacific Life employees participated in the review of hundreds of scholarship applications.
About Pacific Life and the Pacific Life Foundation
For more than 150 years, 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. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2022 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
The Pacific Life Foundation was established in 1984. Together with Pacific Life, the Foundation has contributed $133 million to community and national nonprofit organizations. Grants are made to organizations that address a broad spectrum of social needs.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2022 is compiled by Pacific Life using the 2022 FORTUNE 500® list.
