A new journey on a different path.

LexisNexis® Risk Solutions is a proud sponsor of the Life Lessons Scholarship Program. The program provides opportunities for college students who have been affected by the loss of a parent with little or no life insurance.

Created in 2005 by Life Happens, the Life Lessons Scholarship Program seeks to provide financial scholarships to college students who have lost a parent or guardian with little or no life insurance.

The life insurance need gap is a well-documented problem in the United States. It measures those consumers who say they ‘need’ life insurance and those who say they ‘have’ life insurance . According to the latest 2022 LIMRA Barometer Study, the unmet need for life insurance has more than doubled over the last 12 years. Back in 2011, 70 percent of respondents reported that they needed life insurance, while 63 percent said they had it, a 7-point gap between the two metrics. Fast forward to 2022, the gap between need-and-have is a staggering 18 points¹.

The 2022 LIMRA Barometer Study once again highlighted the reasons why more U.S. consumers do not have any or enough life insurance:

•  Perceived expense
•  Other priorities, and
•  Uncertainty over what type or how much life insurance to get