Now before talking about the annuity.org scholarship, it is justifiable that we explain what this platform stands for and what this annuity is all about.
Annuities are financial products sold by insurance companies. People can purchase them to set up a stream of income that will provide security through their retirement years.
For better knowledge on how to apply for this scholarship, this article will aid you through the process.
Premiums grow tax-deferred, and annuity buyers can choose from several options regarding the frequency and size of payments.
Therefore annuity.org has fractioned a part of itself to be giving out scholarships to two students who complete an essay writing in a significant way.
ANNUITY.ORG SCHOLARSHIP 2022
Annuity.org scholarship is an American-based scholarship and insurance platform which focuses on developing the financial IQ of the students, and where the students are required to write an essay about their saving and investment strategy, they will be critically examined and at the end, the scholarship would be offered to two persons, who their essays made ripples as the judges would prove.
On this platform(annuity.org), you are encouraged to think about your financial future long before you graduate.
The essay topic the applicant would be offered is designed around a concept that’s easy to understand but difficult to execute: being responsible with your money today.
This platform is not just interested in the students submitting essays, they are also interested in developing the financial aspect of the student’s life and in the same vein bringing the consciousness of thinking about their financial life and structuring them in time or before they graduate so that they won’t find it difficult to face life after graduation.
This platform gives scholarships as incentives to two students who have done a great job during the essay writing, and because the essay topics primarily focus on financial-related otters.
From previous applicants, it is seen that an essay in which you tell Annuity.org about your savvy investment strategy.
Will you take your winnings in a lump sum, or will you select monthly (or yearly) payments? Pick one of those payment plans, and discuss the advantages of your choice.
Create a plan that incorporates taxes and investments so that you can meet your long-term needs.
Show original, critical thinking for achieving immediate and future financial goals while considering today’s economic climate. As you relate your plan, bring awareness to the long-term value and potential of your new-found wealth.
In writing these essays originality is the key because these essays will be critically examined and any form of plagiarism will not be condoled, because they really want to know your financial dispositions personally and not copied content.
Note: this is an annual scholarship contest open for students from America or individuals with permanent residence in America, and it is available for all the states in America the state is excluded.
Applicants will be judged in 5 main categories:
- Grammar and Style
- Original Ideas
- Well-Researched and Plausible Investment Advice
- Organized and Persuasive Writing
- Foundational Knowledge of Finance.
Annuity Scholarship is now open. Up to $3,000 will be awarded to two best applicants. U.S college students are
welcome to participate in this essay scholarship contest. To apply, candidates are required to keep reading this post for further exposure below. The next submission deadline is 1 May annually.
This is one of the few scholarships opportunities that do not fix its attention on the cumulative GPA of the students or the applicants but has made its acquisition easy, through the request of essay writing from the students and applicants.
Explore!
Most scholarship opportunity has some daunting and discouraging conditions which would make the applicant handicapped when he or she finds out that he’s not eligible after putting much effort trying to acquire the scholarship, one of those areas is the field of study or level.
Some scholarships are specifically meant for some fields and level but unlike annuity.org scholarship which is open for all students at college-level irrespective of the person’s discipline or course of study or even area of specialization.
Therefore all you need is to be a college undergraduate or any university of your choice, as long as it is located in the United States of America and you are a citizen of America, then you are qualified for the scholarship.
Level/Field of Study:
College level in all subjects.
Most times the below-listed strata are included.
- 12th Grade
- College Freshman
- College Sophomore
- College Junior
- College Senior
- Recent Graduate – Undergraduate
HOST NATIONALITY
The host nationality of the provider of the scholarship is the United States of America, it couldn’t be any other place.
America has always been known for providing this kind of scholarship, based on a submission of essays and American citizen limited.
ELIGIBLE NATIONALITY.
This is a scholarship by the American people and for the American people.
To be eligible for this scholarship, you must be a citizen of the united states of America or a legal permanent resident.
of the United States
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
SCHOLARSHIP WORTH
The worth of any scholarship is determined by the financial strength of the provider of the scholarship and sometimes determined by how much the scholarship providers are willing to give back to society.
Inasmuch as most scholarship ranges from $100 to $200, there are scholarships that far surpass that value.
Numerous scholarship awards are higher in value, and for students who are selective, ambitious, or pressed for time, we have compiled a list of some of the largest dollar amount scholarships.
Annuity.org scholarship prides itself as one of those scholarship providers that what they offer surpasses the landmark of most scholarship platforms.
SCHOLARSHIP VALUE
$3,000 in total. $2,000 for the first place and $1,000 for the second place.
SCHOLARSHIP REQUIREMENTS
The applicant is required to write about this essay topics.
You just won a $10 million lottery jackpot! How will you spend it, and how will you make it last?
Tell Annuity.org about your savvy investment strategy. Will you take your winnings in a lump sum, or will you select monthly (or yearly) annuity payments?
Pick one of those payment plans, and discuss the advantages of your choice. Create a plan that incorporates taxes and investments so that you can meet your long-term needs.
Show original, critical thinking for achieving immediate and future financial goals while considering today’s economic climate. As you relate your plan, bring awareness to the long-term value and potential of your new-found wealth.
Also, the applicant is required to:
Provide contact information with the submission
- Any high school senior, undergraduate, and graduate students
- Be enrolled in a U.S. college
- 700-1,400 words
- Include a works-cited page with at least three (3) sources
Submit via email attachment as a .doc or .pdf file format.
HOW TO APPLY
You can apply for this opportunity by submitting your essay and contact information to www.annuity.org, and also agree to their privacy policy and disclaimer.
APPLICATION DEADLINE
It is important that one pays attention to any scholarship deadline so as to not be misled.
Application Deadline.
May 01 yearly.
Hurry!
APPLICATION LINK
Follow this link to apply.
https://www.annuity.org/scholarship/
FURTHER INFORMATION ABOUT ANNUITY.ORG SCHOLARSHIP.
Some basic information that would be required from you includes personal information, such as your name, address, social security number, driver’s license number, occupation, and employer
- Financial information, such as assets, income, credit history, banking information, and account numbers
- Legal information, such as judgments, liens, bankruptcies, divorces, probate, and other civil and criminal court proceedings
- Other identifying information, such as birth date, telephone, and fax numbers, and email, street, and mailing addresses
- Insurance or annuity policy information, including the policy terms, conditions and limits, the named beneficiaries, and your premiums and payment history
- Medical information, such as your current health status and prior health care treatments
About The Past Winners Of Annuity.org Scholarship
FIRST PLACE:
AMANDA HOLDSWORTH
Amanda Holdsworth, a doctoral student at the University of Southern California, is the inaugural winner of the Annuity.org Scholarship for essay writing on financial literacy.
Holdsworth received $2,000 for her studies in USC’s Organizational Change and Leadership program.
She returned to school after working in education for 10 years to advance her career in education and become an administrator or dean.
How She Penned The Winning Essay
Scholarship entrants were asked to write an essay on the question:
“You just won a $10 million lottery jackpot! How will you spend it, and how will you make it last?”
Holdsworth said writing the essay was exciting.
“I was kind of depressed when I ended it because I didn’t have the $10 million!” she said. “This was a really hard assignment for me, so to hear that I won is so exciting!” Holdsworth said the essay took quite a bit of research.
“When I sat down to start I had no idea what an annuity was,” she said. “This really opened my eyes to the fact that you don’t just have to put your money into a 401k and hope for the best when you retire.”
She was thrilled to have won the scholarship: “It’s nice to know your hard work pays off!”
SECOND PLACE
ANGELO GRANT
Second place went to Angelo Grant, a student at the University of Michigan-Dearborn. Grant also wrote in his essay that he would choose a lump sum, and he said he would invest in several stocks, including Google, IBM, and Johnson & Johnson.
It can’t all be investing though, according to Holdsworth. It’s easy to see that Holdsworth definitely would take a disciplined approach to win a lottery, but she admits she and her family would have some fun, too.
“Of course, I would not be considered human if I didn’t spend some of the money on myself and my family,” she wrote in her essay.
“Instead of buying fancy cars or a larger house, we would take a two-to-four week international family trip each year, and my husband and I would enjoy our own vacation to our favorite vacations.
We’d travel first class and stay in a few income properties we would have purchased between years three and 10 post-lottery wins (renting them out during the times we weren’t there in order to provide an extra income).
She added: “I believe in spending money on experiences, not things.”
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