“Since 1980, The Gleaner Life Insurance Society Scholarship Foundation has awarded more than $2.6 million in scholarships on a competitive basis to Gleaner members and their families. In 2016, the foundation awarded $225,000 in scholarships.”
Mutual insurance companies reward long-time clients with (non-guaranteed) dividends, which can help reduce the net cost of a policy, or add to the cash value, or even increase the death benefit. But dividends are based on how the company performs financially (investments, real estate rentals, whatever). Gleaner goes above and beyond that by putting net corporate dollars where its metaphorical mount is:
“Eligible Gleaner members who are students can apply for a one-time $3,000 competitive scholarship. Gleaner family members are eligible to apply for one-time $1,500 awards. Both scholarships are awarded on a competitive basis.”
I like that last: it rewards performance.
Interested Gleaner policyholders can click here for details.
Not a Gleaner policyholder? You know what to do.