InVEST Awards 37 Academic Scholarships

Financial and insurance literacy program is key to attracting young talent to insurance industry.
Alexandria, VA – June 12, 2019— InVEST, the insurance industry’s premier classroom to career education program, announced today that it has awarded $53,500 in scholarships to 37 students pursuing insurance-related degrees. A non-profit organization, InVEST works in high school and college classrooms across the U.S. to educate, train and attract the next generation of insurance professionals for an industry that will need more than 400,000 workers in the next five years. “InVEST congratulates the students — representing 15 high schools, colleges and universities in eight states — who earned scholarships this year,” says Lindsey Shank, InVEST board chair and vice president of McGriff Insurance Services in St. Petersburg, Florida. “Students from more than 890 InVEST programs across the country are better equipped to pursue careers in an agency, company or other insurance industry organization thanks to InVEST.” InVEST develops future insurance professionals through academic programs, online education, mentoring and scholarships. In high schools, the program offers students a business curriculum focusing on insurance, as well as the dynamics of insurance agencies and companies. At the college level, the program develops students’ risk management and financial analysis skills. Throughout their InVEST education, students learn about exciting and well-paying career opportunities in an industry that is rapidly evolving through technology. “A successful InVEST program is vital to the financial literacy of our young people, to the future of the independent agency system and to the insurance industry as a whole,” says Bob Rusbuldt, president & CEO of the Independent Insurance Agents & Brokers of America. “We are concerned that the average age of an insurance agent is almost 60. As baby boomers continue retiring in record numbers, the InVEST program has the potential to replenish our workforce and to produce the next generation of insurance industry professionals and leaders.” Scholarship hopefuls from across the country submitted essays describing the influence of InVEST on their educational plans and answered questions about a real-world insurance case study. InVEST board member judges selected recipients based on the quality of their essay combined with the applicant’s grade-point average and extracurricular activities. InVEST mails scholarship checks directly to each student’s institute of higher learning and the money will be used exclusively for educational expenses. Scholarships are funded through corporate and direct contributions. The 2019 scholarship winners hail from Florida, Maine, Georgia, Louisiana, Michigan, New York, California and New Hampshire. $5,000 Randy Roth Applied Memorial Scholarship Winner:
$5,000 Vertafore Scholarship Winner:
$3,000 Loren Shoemaker Memorial Scholarship Winner:
$2,500 Scholarship Winners:
$2,000 Scholarship Winners:
$1,500 Scholarship Winners:
$1,000 Scholarship Winners:
$500 Second Round Scholarships:
$500 Classroom-to-Career Scholarships:
The $5,000 Randy Roth Applied Memorial Scholarship, established in 2017, honors the memory of Randy Roth who was dedicated to developing young talent for the insurance industry. Roth served as Applied Systems’ director of talent acquisition and passed away several years ago. The $5,000 Vertafore Scholarship is provided by Vertafore, Inc., a developer and provider of cloud-based software and services for the insurance industry worldwide. The Second Round Scholarship is awarded to previous InVEST scholarship recipients who have completed at least three years of college. Their intended degree must relate to a career path within the insurance industry. These students are eligible for a $500 scholarship. The Classroom-to-Career Scholarship is awarded to students who are not going to college but intend to start an insurance career and need financial assistance with licensing, entry level courses, CISR or ACSR designations. Founded in 1970 and based in Alexandria, Virginia, InVEST promotes insurance education in order to attract individuals to pursue a career in the insurance industry. Each year, the program prepares thousands of students for insurance-related careers with a hands-on curriculum taught in high schools, adult education centers and colleges. As a 501(c)(3) educational trust, InVEST benefits from the support of numerous insurance organizations, hundreds of agencies, brokers and volunteers. Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies. |