FAQ

Welcome to the Scholarship Q&A page.

Q – How is the program funded?
A – The program is funded by individual/company/brokerage sponsorship. Ultimately, one sponsorship = one new licensed insurance professional.

Q – Who can apply for a scholarship?
A – Current high school students and graduates, post-secondary students, career changers, Mom’s returning to work, unemployed, or anyone who is interested in starting a career in insurance is encouraged to apply for a scholarship. As long as the applicant meets the criteria, we encourage anyone, with any background to take the first step in becoming an insurance professional. With new talent entering insurance, the industry will be stronger for it!

Q – What does the $500 sponsorship include?
A – The sponsorship includes the following for the students:

  • Online video course for Level 1 training based on the province which the student resides.
  • Access to online practice exams to fully prepare the student to write the exam.
  • Ongoing support from the Canadian Insurance Scholarship Program, including study tips, “Ask the Experts” Q&A, step-by-step guide, resume tips and assistance with registering for the provincial exam.
  • Provincial exam costs (up to 2 attempts).
  • Access to online Privacy Training course so students are fully versed on this important subject before they even start working.
  • Access to a number of CE courses FREE so that they may work towards fulfilling their licensing requirements for the following year.
  • Direct recruitment – Upon successful completion of the exam, the student will have their resume forwarded to the company that sponsored their scholarship. Introduction between student and sponsor will have priority.

Q – Can a sponsor choose where/who they want the scholarship to go to?

A – Yes. The sponsor can choose where they want their scholarship awarded (specific city, school etc), and even create special criteria for the applicants. For example, a company may wish to award their scholarship to a student that demonstrates particular leadership qualities, or have a member of their immediate family work in the industry, for example. Otherwise, the scholarships can be awarded as ‘Open’ and available to any student across the country that meets the criteria.

Q – Who makes the decision on whether a student’s application is successful or not?
A – The Scholarship Review Committee has been created to review applications and make the awards. The committee involves independent insurance professionals across the country who ensure that the scholarship criteria has been met by the students and that they fulfill the requirements for application.

The benefits of being a Platinum Sponsor

  • Speaking opportunity with ILSTV
  • Special interview with press release/Company Profile
  • Company name and logo on banner
  • Company name and logo on platinum Sponsor sign
  • Listing your company and a link back to your business web site
  • Recognition on all press releases
  • Platinum Sponsorship = 11 or more Donations

The benefits of being a Gold Sponsor:

  • Speaking opportunity with ILSTV
  • Special interview with a press release/ Company Profile
  • Company name and logo on banner
  • Company name and logo on Gold Sponsor sign
  • Listing your company and a link back to your business web page
  • Gold Sponsorship = 10 Donations

The benefits of being a Silver Sponsor:

  • Speaking opportunity with ILSTV
  • Mention on ILSTV and a tweet from ILSTV
  • Company name and logo on Silver Sponsor sign with link back to your webpage
  • Listing your company link on our web site
  • Silver Sponsorship = 5 to 9 Donations

The benefit of being a Bronze Sponsor:

  • Company name and logo on Bronze Sponsor sign banner
  • Listing your company and a link back to your business page off the Scholarship site.
  • Bronze Sponsorship = 1 to 4 Donations

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