ALEXANDRIA, Virginia, July 14, 2016 – InVEST, the insurance industry’s premier classroom to career education program, has awarded a $500 scholarship to Phillip Hawes from Genesee Career Institute in Flint, Michigan. The scholarship program is a key incentive in attracting new talent to the insurance industry which will have an estimated 400,000 open positions by 2020 and faces a critical workforce gap.

 

“InVEST congratulates Phillip Hawes, one of the 79 students representing 23 high schools, colleges and universities in nine states, who earned scholarships this year,” says Cindy Hower, InVEST board chair and president of Kellerman Insurance, an independent agency in Holton, Kansas. “InVEST develops future industry professionals by teaching high school and college students about insurance, risk management and financial services. As a result, students from more than 800 InVEST programs across the country are better equipped to pursue careers in an agency, company or other insurance industry organization.”

 

InVEST contributes to the education and development of future insurance professionals through academic programs and scholarships. In high schools, the program offers students a business curriculum which teaches them about insurance in general as well as the dynamics of insurance agencies and companies. At the college level, the program develops students’ risk management and financial analysis skills. Along with corporate and direct contributions, scholarships are funded through proceeds generated by the InVEST Silent and Live auctions held in conjunction with the Independent Insurance Agents & Broker’s (IIABA or the Big “I”) Legislative Conference.

 

“A successful InVEST program is critical 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 Robert Rusbuldt, Big “I” president & CEO. “Many are concerned that the average age of an insurance agent is almost 60 and 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 industry professionals and leaders.”

 

This year, InVEST awarded $73,500 in scholarships to 79 students pursuing insurance-related degrees. The 2016 scholarship winners represent 23 schools and hail from California, Connecticut, Florida, Georgia, Louisiana, Michigan, New Hampshire, New York and Ohio.

 

Click HERE for a complete list of scholarship winners.

 

Scholarship hopefuls from across the country submitted essays describing the influence and benefits of InVEST on their educational plans. The quality of the essay, combined with the applicant’s grade-point average and extracurricular activities, were factors in selecting the recipients. Scholarship checks are mailed directly to the institute of higher learning that each student is attending and will be used exclusively for educational expenses. 
 
As a 501(c)(3) educational trust, InVEST benefits from the support of numerous insurance organizations, hundreds of agencies, brokers and volunteers. The program provides the insurance industry with motivated, talented and intelligent professionals through a support structure of state associations, board members, national staff, teachers and the many industry professionals who work in the field as classroom liaisons.

 

 

 

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