6 Common Myths busted for the insurance agent exam

30 November 2019

Recent years have witnessed the absolute rise in the insurance agent exam owing to the vast vacancies for a chain of specialization within the insurance companies. As per the growing number of insurance companies is concerned, the need for the required number of man force is equally important. The conduction of the exam is subject to the deployment of the desired amount of candidates to fill their job positions.

The intense competition arises the increase in the number of exam applicants. Still, the facts regarding the insurance agent exams undergo certain misconceptions owing to its unfamiliarity among the majority. The insurance agent exam is conducted by the insurance companies to fill their various positions of manpower in the diverse scale of operations. People who aspire to work with insurance companies, insurance agent exam, can be overwhelming to an extent where they feel that they don’t stand a chance.

General myths regarding insurance agent exam:

The myth factor arises due to several misconceptions regarding the idea of the concerned topic. Likewise is the case of an insurance agent exam where a major unfamiliarity still prevails. It is the direct outcome of the unglorified facts of the term insurance. As the popularity of insurance is relevant to the limited group of people opting for it. The untrue realities and ideas regarding the insurance agent exam refrain the people from choosing it.

Followings are the common myths about the insurance agent exam:

Need for high educational qualification:

One of the most common misconceptions affecting the existence of an insurance agent exam is the context of the eligibility criteria for appearing in the examination. It is misbelieved that one should possess knowledge in the respective subjects. But in reality, the minimum qualification to enter the exam is minimum graduation in any subject. You can even start your career as an insurance agent after merely completing secondary school. Thus creating ease to begin your career immediately at the early phase.

The requirement of a good command in English:

Although a good command in English is a must to qualify in several other examinations. An insurance agent exam is conducted to test your interpersonal skills and aptitude. Your command over English has nothing to do with qualifying for the insurance agent exam. Due to the fear of lack of unproficiency in the English language, many candidates step back from appearing in the exam and fail to execute their career plans.

It is better to belong from a commerce background:

It is wrong to conclude that only the commerce candidates have access to the insurance agent exam. There are plenty of candidates from different backgrounds, including science, engineering, and arts into this field. Every year, the insurance agent exam witnesses candidates of diverse careers appearing for the exam. Besides proper guidance and assistance in work are provided by the seniors who create an environment of growth through learning. Adequate training would be provided during the probation period until you become a successful insurance agent.

Cracking the exam depends upon luck:

luck

The luck factor does not justify the clearance of your insurance agent exam. Getting through the insurance agent exam depends on the amount of your hard work and dedication. Thus it is wrong to state that one cannot succeed in the insurance agent exam despite his eligibility and good performance.

Self-study is not sufficient:

Yet another myth persists over the factor concerning the mode of study. According to this myth, one shall opt for regular coaching classes to pass the insurance agent exam and for which self-studies would be considered weak. Contrary to the misbelief, one can easily pass the exam by conducting a proper time on self-study. There is no need for long-duration coaching classes that consumes the maximum amount of your time.

People with higher IQs can get through the exam:

Well, this information is untrue to the best of the knowledge. IQ is never a factor concerning the insurance agent exam. To be brief with the context, the insurance agent exam is all about sharpening your skills related to the relevant topic of insurance. It has nothing to do with a whole lot of external knowledge, unlike the case of civil examinations.

These myths harm the preparation of the aspirants, thus offering a chance to back out from the chosen career field. The irrelevant knowledge and false assumptions often mislead the candidates over selecting their desired career path.

This article is specially designed to drive out the present myths in the minds of the candidates who want to fulfill their career in this field. So go ahead, breaking the boundaries of the fear arisen by the myths and give a kick to your career as an insurance agent and to know more about the insurance agent exam click here.

We wish you all the best!

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How To Quit A Job With Professionalism And Grace? – Steps To Follow

If you seized a superior job opportunity, pursued a dream, or handled a family crisis, you might want to quit. However, you do not know how to resign and break the news to your manager. In this article, you will learn how to quit a job gracefully and professionally. Once you figure out how to quit your job, you can maintain professional ties with your employer. Also, your transition to your new job or career will become easier. Apart from that, this article also discusses the steps you need to take if you want to quit your job faster. Hence, to learn more, read on to the end of the article. How to Quit a Job? – A General Overview The first thing you must consider when you want to quit your job is to get a valid reason. Although you always have the option to choose the best excuse to quit a job without notice, you must not do so. This is because it damages your reputation in the organization. Here are some valid reasons why you might choose to quit your job: Health reasons Family responsibilities New career goals Excessive stress or anxiety Pursuing further education Starting a business Taking a sabbatical Relocating to a new area An enticing job offers A better career option that your current employer cannot offer There can be more reasons depending on your situation. However, you must ensure your reason for resigning from your job is valid enough. Generally, companies consider these examples of quitting as positive. Hence, before you learn how to resign from a job, ensure that you evaluate your situation carefully. Moreover, with proper planning, you will not create a gap in your income and employment. How to Quit a Job with Grace? -Steps to Follow If you want to know how to quit a job, the following are the major steps you must follow: 1. Plan Your Next Steps Make sure to craft your resignation for maximum benefits. For instance, even if you want to resign desperately, ensure you have a strong action plan. This will help you move faster in your new direction. However, do not consider quitting first, as you will spend a lot of time thinking about it later. Moreover, you must also consider the timing of your resignation. Consider whether you are in the middle of a project or not. For instance, if you finish the project, you can add it to your resume. Furthermore, you must also consider whether you need training for a career change. To ensure that there is no gap in your employment or upskilling, ensure you have a job in line. Also, take your time to secure an interview or spend time on a skill-building course. 2. Create Your Resignation Letter (E-mail) If you have a strong plan, it shows you are ready to resign. Now, you must begin writing your resignation letter. However, even if you choose to have a verbal resignation, make sure to send at least an email. This is because official documentation is necessary. Apart from that, sending an email is also a professional approach and respectful. The following are the factors you must consider when you are writing your resignation mail: To ensure there is no confusion in the process, mention the date of your last day at work. This way, you offer your employer the time to be prepared. Also, you can make your intentions clear from the start. Additionally, if there is a notice period, offer the 2 weeks notice letter. Thank your employer and show gratitude, even if you cannot think of anything positive about this job. Still, you must thank me for the opportunity you had. Apart from that, you can also mention your reason for leaving. Everyone wants to maintain a good relationship. Here, you can offer assistance during the transition between you and your successor. Also, you can offer help for a smooth transition. 3. Try to Resign in Person Apart from writing your resignation letter, talk about the process in person. This way, you can show integrity and professionalism. Moreover, you will not end up surprising your manager with the resignation letter. Basically, once you resign in person, you can avoid any gossip or rumor in the office. Moreover, if your manager works from an off-site location or you are a remote employee, then obviously, you might not want to resign in person. Hence, in such situations, you must be formal with your resignation mail and include everything necessary. On the other hand, an email resignation can come across as cold and rude. Hence, resigning in a face-to-face meeting is a better step to take. Also, this ensures you have an open conversation between your employer and you. To ask for an appropriate time, make sure to email your manager or HR. However, if your relationship with your manager or your HR is not great, and you want to avoid them, you must stick to the email. 4. Serve the Notice Period Most companies ask for two weeks' time from an employee in the form of a notice period. However, in some cases, the notice period is four weeks. On the other hand, some employers prefer to terminate contracts immediately. Hence, you must stay prepared for such decisions when you apply for a resignation. Such behaviors are common in situations where employees can easily remove contacts, files, and ideas. Hence, your employer will surely want to avoid this. Hence, they can limit your time in the office by accepting your resignation. 5. Plan Your Transition Beforehand Create a transition plan yourself apart from offering support to a new employee. Thereby, you can ensure your work, and your legacy continues in the organization. For instance, you can create a transition plan to show you have a professional attitude. Also, it shows that you have a strong dedication to work. Hence, with this effort, you can ensure a positive attitude in the resignation process. Also, you will allow further communication if other opportunities arise during this time. When you create a transition plan, make sure to outline the major duties and responsibilities in a comprehensive manner. Hence, when a new employee comes, they will know about what role they need to perform. Moreover, you must also detail your ongoing projects so that you can pick up where they leave you. 6. Ask for a Recommendation If you maintain a professional attitude during the resignation process, you can ask your employer to offer you a recommendation. This will help you maintain goodwill with your employer, and you can request a recommendation from your employer. Moreover, when you are asking for a formal recommendation, make sure to ask someone who is familiar with your work. Also, be clear about when you need the letter and what you want them to focus on when they offer you the recommendation. 7. Prepare for an Exit Interview After you send your resignation mail, your employer might ask you to attend an exit interview. Here, you must give feedback that you feel is important for the organization. Also, this is a great place to show your gratitude to your employer. Moreover, you might need to explain your reasons for leaving, the best thing about working here, etc. Quitting Your Job: The Way Forward Now you know how to quit a job professionally and gracefully. Understand that the most important part of a resignation is to have a plan for the transition process. Hence, if you work for a new role, consider boosting your skills, getting a certificate, or learning a new skill. Do you have more suggestions for an employee about how to quit a job? Please share your ideas and opinions in the comments section below. Read Also: Self-Improvement Tips For Managers 5 key Leadership Skills for Entrepreneurs 11 Roles That Are Skyrocketing In The Job Market

How Many Jobs Are Available In Major Banks?

How many jobs are available in major banks? If this is something that you are searching for, then you have reached the right place. There are a number of things that people search for when they look for a particular job or mode of employment. Some of the most important questions that people usually want to know when they are looking for a job are the availability of jobs and the salary and benefits of that specific career path. If you are someone who wants to work in the world of banking, you might be searching for how many jobs are available in the major banks around the world. Keep reading till the end to learn more about the same… What Is The Banking Industry? Image Source: inc42.com The banking industry is one of the most competitive as well as the most growing sectors. Even though it may look like it, you do not have to sit in the bank and deal with the people coming in and out of it. There are a number of types of jobs available in the banking sector. These jobs are directly related to the financial service sector. Therefore, there are a lot of levels when it comes to working in the banking sector. In case you are searching for some of the types of jobs that are available in the banking sector, I have you covered. Here are some of the types of job roles that are available in the industry: Bank Teller Account Manager Investment Representative Investment Banker Asset Manager Financial Analyst Investment Banking Analyst While these are some of the job roles that exist in the line of banking, this is definitely not the entire list. Answering The Question, “How Many Jobs Are Available In Major Banks?” Image Source: thebalancemoney.com In case you were searching for the answer to how many jobs are available in major banks right now, you have found the destination. There are a number of banks in the world, and it is no wonder that there are a lot of vacancies in the world of banking. In the world, there are approximately more than a million jobs available in the sector of major banking. In the United States, more than ten thousand people are working in banks. According to reports, there are 27,000 job vacancies. Even though most of these vacancies are in the sector of customer service, there are many other jobs available. For example, some of the posts that are available to work for in the major banks are in marketing, finance, and even the department of human resources. Take a look at some of these job roles in the banking industry and the number of vacancies: JOB ROLESNUMBER OF JOBS AVAILABLEBanker222,000Bank Teller405,000Underwriter97,000Account manager1,022,000Loan officer122,000 What Are The Best Paying Jobs In Major Banks? Now that you know the answer to how many jobs are available in major banks, it is time for you to learn about the highest paying jobs in the banking industry. Take a look at some of these best paying jobs in the banking industry: 1. Branch Manager Salary: $50,000 to $68,000 The first one on the list of the best-paying jobs in the banking sector is that of a branch manager. In order to become a Branch Manager, you need to have strong leadership qualities. You should be able to motivate the ones who are working under you. You need to make sure that you are able to meet the targets and improve the overall functioning of the branch. 2. Loan Officer Image Source: northeastern.edu Salary: $190,000 to $205,000 The role of a loan officer is to help people or their clients obtain loans from the banks. They are responsible for making sure that your loan is approved. They are also responsible for denying a loan and for analyzing the credit of the borrower. 3. Trust Officer Image Source: content.click4assistance.co.uk Salary: $145,000 to $156,000 If you are someone who is in search of competitive salaries and growth opportunities, then this is the one for you. The main job of a trust officer is to manage the financial services. In addition, they work to ensure that there are no issues regarding the taxes. 4. Financial Consultant Salary: $68,000 to $72,000 If you become a Financial Consultant, you will have to provide effective guidance to the ones who are seeking it. In addition, you will be responsible for your clients and have to help them make the right decisions related to their finances. 5. Investment Banker Salary: $65,000 to $ 75,000 If you are planning to become an investment banker, you will have to deal with the investment and other tasks related to the same for your bank. In addition, you will be responsible for analyzing the clients' data and finances. 6. Underwriter Salary: $85,000 to $95,000 In a bank, an underwriter's role encompasses evaluating risk for insurance and loan applicants. Once approvals are granted, the underwriter takes on the task of determining premiums or repayment figures. Collaborating with loan officers, they contribute their expertise to assist the bank in making optimal lending decisions that mitigate risk. 7. Internal Auditor Salary: $85,000 to $90,000 The role of an internal auditor revolves around evaluating the efficiency of the entire bank branch's operations. Their primary responsibility involves ensuring that the branch's processes adhere to the diverse regulations and procedures governing the banking industry. After analyzing financial reports and performing risk assessments, the internal auditor communicates their findings to the bank manager and offers guidance on potential courses of action. 8. Credit Analyst Salary: $60,000 to $70,000 A credit analyst employs their skills to evaluate the creditworthiness of an applicant. This involves determining whether an individual or business seeking a credit account can adhere to the bank's offered terms and repay the amount. The credit analyst recognizes the distinctions between applicant types and uses this insight to make an informed decision. 9. Mortgage Banker Salary: $55,000 to $65,000 Upon receiving new mortgage applicants, the mortgage banker evaluates them to determine the viability of approving their mortgages. This assessment involves analyzing the applicants' financial information and leveraging their regulatory expertise to ensure that the application aligns with established standards. 10. Bank Clerk Salary: $30,000 to $40,000 The responsibilities of a bank clerk primarily revolve around managing transactions conducted within the branch. This role encompasses cash handling, including assisting customers with deposits and withdrawals. Additionally, bank clerks often engage in customer service by addressing inquiries and resolving concerns regarding balances, products, and various banking-related issues. Is Major Banks A Good Career Path? Banking can be a very rewarding career path for individuals who are interested in finance, economics, and working in a dynamic industry. It offers opportunities for career growth, job stability, and the potential for lucrative compensation. Roles in banking can vary widely, including areas such as retail banking, investment banking, risk management, financial analysis, and more. However, it's important to note that the banking industry can also be competitive and demanding, requiring strong analytical, communication, and problem-solving skills. As with any career choice, it's advisable to research the industry, consider your strengths and interests, and weigh the pros and cons before making a decision. Bonus: How Many Jobs Are Available In Commercial Banks? The commercial banking sector currently boasts over ten thousand job openings, exclusively in the United States. According to data from the U.S. Bureau of Labor Statistics (BLS), the nation employs a staggering 1.9 million individuals within its commercial banks. The BLS reports a decline in job opportunities within the commercial banking industry by an average of 7% since 2016. This decrease can be attributed to the surge in online banking popularity among customers. Nonetheless, despite this shift, the sector remains on a growth trajectory. Frequently Asked Questions (FAQs): Take a look at some of these questions that readers who are searching for in the number of jobs available in the banking industry look for. You might learn more information about the same from these: 1. What Is The Most Secured Job In The World? Ans: While there are a number of jobs available in the world across several sectors, if you are looking for the most secure jobs, the answer always is the healthcare industry. Job roles like the doctors, anesthesiologists, and nurses are the most secure. 2. What Is The Highest Paying Job? Ans: The highest paid job belongs to two different sectors or industries. For example, while the surgeons from the healthcare industry earn almost $210,000 annually on an average, data scientists and blockchain developers are also earning a lot, with their average salary being $200,000 annually. 3. What Is The Salary Of Elon Musk? Ans: The average monthly salary of Elon Musk is more than $200 million dollars. He is not only the SEO of TESLA but also of SpaceX and Twitter. This makes him one of the highest paid employees in the world. Wrapping It Up! The banking industry is one of the fastest-growing and the most secure job sectors in the world. They not only provide exposure but also come with a lot of additional benefits. There are more than a million jobs that are available in the major banks at present. In case you want to know how many jobs are available in major banks, I hope that this article has been of help to you. If there are any other ways in which I can help you, feel free to write them down in the comment box below. Read Also: Is Precious Metals A Good Career Path In 2023? Is Medical/Dental Instruments A Good Career Path Is Telecommunications Equipment A Good Career Path In 2023?

What are the Advantages of Pursuing a Full-Time Master’s?

With your bachelor’s degree in the bag, you will be faced with yet another big life decision: should you pursue a Masters full-time program or head into the labor market? There are many different reasons why individuals choose to study for a Masters. For the most part, though, the hope is that it improves your career prospects, and ultimately your wage premium. Whatever your motivations may be, you might be torn at the prospect of halting your career hunt to pursue yet another degree. While there are certainly more than a few considerations that should go into this decision, we’ve provided some of the advantages of deciding in its favor. Employability: One of the most important reasons why you might choose to consider studying a full-time Masters is to improve your employability. If you are gunning for an academic role, a Masters degree is an important next step. A Masters is also an important step if you are looking to switch career paths or accelerate your career progress. Wage Premium: Higher educational qualifications generally necessitate higher wage premiums in different career environments. With a Master’s degree comes added qualification and skill set, positioning you for even more responsibilities in your work environment. It is important to note that some Master Degree holders enjoy parity with holders of bachelor’s degrees in higher-paying fields. However, your focus should be on your career of choice. Deeper Knowledge: Postgraduate programs, such as full-time masters programs, are mostly specialized in nature. If you have a genuine interest in your field and desire to gain even more theoretical and practical knowledge in this course of study, a master’s program will be beneficial. Specialization also improves your chances of career progression and improved wage premium. Real World Knowledge and Networking: One of the more specific advantages of pursuing a full-time Master’s program, not just a Master’s program, is the real world scenarios it prepares you for. Many schools send their postgraduate students out into the field for studies and invaluable work experience, exposing them to the real world work environment. This allows students at this level to gain practical skills applicable to the real world environment, while also providing you with a chance to build your network for the future. Program Speed: Yet another benefit of a full-time program is the speed of completion. Going part-time, whether in a physical institution or through an online course, may allow you to pursue the program according to your pace, but it also does well to ensure the program lingers and drags on. A full-time study for masters is usually completed between 1 – 2 years, accelerating your goal to acquire relevant knowledge and certification. The question of whether you should pursue a master’s program is a very personal one. It is generally a cost-intensive venture, which means that you may be short on budget. Otherwise, you might be skeptical of committing such amounts without any assurances. However, programs like the BBS full-time master’s program ensure that you ultimately get great value for your financial, material and time commitments. Read Also: How Studying Abroad Can Benefit Your Career Upcoming Educational Trends In 2017 4 Emerging Trends In The Education Sector

6 Common Myths busted for the insurance agent exam

General myths regarding insurance agent exam:

Followings are the common myths about the insurance agent exam:

Need for high educational qualification:

The requirement of a good command in English:

It is better to belong from a commerce background:

Cracking the exam depends upon luck:

Self-study is not sufficient:

People with higher IQs can get through the exam:

Career Options after 12th Science

Possible Reasons Why Your Employees Aren’t Too Productive and What to Do About It

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

How To Quit A Job With Professionalism And Grace? – Steps To Follow

How Many Jobs Are Available In Major Banks?

What are the Advantages of Pursuing a Full-Time Master’s?

6 Common Myths busted for the insurance agent exam

General myths regarding insurance agent exam:

Followings are the common myths about the insurance agent exam:

Need for high educational qualification:

The requirement of a good command in English:

It is better to belong from a commerce background:

Cracking the exam depends upon luck:

Self-study is not sufficient:

People with higher IQs can get through the exam:

Share this Article

Career Options after 12th Science

Possible Reasons Why Your Employees Aren’t Too Productive and What to Do About It

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related