Scholarship Program • FaithLife Financial

Scholarship Program

At FaithLife Financial, we enrich the lives of our members by providing funding for higher education through our scholarship program.

Please note the FaithLife Financial Scholarship program is now CLOSED. Applications are no longer being accepted at this time.


What is the Scholarship Program?

A one-time scholarship of $1,000* will be awarded to a limited number of FaithLife Financial members pursuing:

  • a full-time undergraduate or graduate university degree
  • a college diploma at any accredited institution
  • in or outside of Canada

Is the benefit available to me?

This benefit** is available to FaithLife Financial members*** who meet the following criteria:

  • are 16 years of age or older
  • whose membership began on or before December 31 (prior to the year of their application)
  • are enrolled in any year of full-time university or college program (Note that certificate programs are not eligible for this scholarship.)

How do I apply?

First things first — you must contact our Member Benefits team by email at memberbenefits@faithlifefinancial.ca and provide your policy number. That way, we can:

  • verify your eligibility
  • confirm your FaithLife Financial policy number (required for access code)
  • provide a FaithLife Financial access code (required for online application)

Scholarship Requirements

Scholarships will be awarded to students based on:

  • community involvement (20%)
  • a completed recommendation form (20%)
  • an evaluation of the essay submitted during the application process (20%)
  • academic achievement (40%)

The minimum requirements, as listed above, are items that all students must submit in order to be considered for a scholarship. Meeting or exceeding these requirements does NOT guarantee applicants will be chosen to receive a scholarship. All submitted criteria will be evaluated by an outside organization that helps regulate the awards process.

Community Involvement

All applicants must have performed a minimum of 40 hours of community involvement at some point between high school and the scholarship application date. Looking for a way to get some volunteer hours? Apply to run an Action Team, and we’ll get you started with $150 in seed money. PLEASE NOTE: This is not a requirement in 2021 due to COVID-19.

Recommendation Form

All applicants must provide a recommendation form completed by an individual familiar with the applicant’s academic performance or community involvement.

The recommendation form must be submitted by June 8th, 2021. It is the applicant’s responsibility to follow up with the person providing the recommendation to ensure that it is completed and submitted by the deadline.

Essay 

In 500 words or less, all applicants must respond to a question of their choice from the scholarship application. Responses must be written in essay format.

Academic Achievement

A GPA of 2.8 or 70% in the applicant’s last academic year of study is required. Official transcripts must be obtained through the applicant’s high school administration office or university/college registrar’s office, and must be submitted with the scholarship application.

An applicant who is considered a Mature Student, as defined by the institution they are attending, must provide proof of registration at their school. Note that proof of registration must be submitted with the application.

Questions? We’re happy to help.

Contact the Member Benefits team at: memberbenefits@faithlifefinancial.ca


*Members will receive a cheque in the amount of $1,000 by mail and are asked to forward it to their university or college’s administration office. Please note that the cheque is made payable directly to the post-secondary institution.

**FaithLife Financial’s member benefits and programs are not contractual. They are subject to change and maximum funding limits.

**Since February 23, 2021 membership has been extended to both the owner of a FaithLife Financial policy and the life insured when they are different parties.