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!

Read Also:

Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

View all posts

Top Four In-Demand Jobs in Australia

I wish someone had told me what the top jobs were, so I hope this one helps anyone who hasn't found their ideal job yet. No matter how much you do not want to believe, our economy continues to be in a slump. It happened with the dot-com bubble, and it happened with the recent financial crisis, and unfortunately, it will happen again if nothing is done about it. And because of this, it becomes very important to start having a substantial second source of income. One way to achieve this is to improve your skills and become one of those in-demand professionals in Australia. If you are looking to migrate to Australia, it's a good idea to know what type of job you're aiming for. Here are the current top 4 in-demand jobs in Australia. 1. IT Consultant With technology advances constantly happening around us, companies can't help but implement the latest technologies in their day-to-day running – and this is where IT jobs in Australia come into play. IT consultants are in high demand from implementing new systems to assisting companies in migrating to the cloud. There has even been a growth of software developers looking for work as well. Smart businesses know that they need a strong IT department in place for them to achieve their goals. 2. Project Managers Project Managers are in high demand, and they can earn some big bucks. If you're a bright, talented graduate with an eye for detail, this could be a career path that could be right for you. In Australia, the average salary for a Project Manager is between $70,000 and $100,000. Where will this lucrative field take you? How much money can you make as a Project Manager in Australia? According to the latest figures, there has been a 21% increase in the number of roles advertised as requiring PMP certification since this time last year. The Australian job market is becoming increasingly competitive, with a real thirst for professionals that can bring real value and expertise into an organization. Particularly in the management consulting and IT fields, there is a big demand for Project Managers, which is no surprise given that project management is probably the most valuable skill you can acquire as a professional. 3. Recruitment Consultants In today's economy, there's more competition than ever for jobs in Australia. A large percentage of job ads are filled by recruitment companies that can be expensive to hire. In fact, many job seekers spend up to 20% of their first-year salary on recruitment fees. Jobs like Recruitment Consultants, Sales Managers, Marketing Managers, and Lawyers are top of the list of the most desired jobs in Australia right now, according to the latest data from jobseeker.com.au. This has been a trend for over 15 years, with a recent dip in the last two years where they went down to the ninth spot. 4. Business Development Managers Business development managers are in high demand as the economy shifts towards more service-related roles than ever before, finds JobsEye, an Employment Research Company that tracks the most in-demand positions. Data from Henry's Job Outlook has identified top jobs for 2018 in Australia. The research finds that there will be 28 percent growth in business development positions, which is expected to be the highest amongst all occupations. Read Also: Healthcare Jobs That Will Be Most in Demand 2020–2025 Why You Should Use A Recruitment Agency To Find Your Next Medical Job

Best Paying Jobs In Property – Casualty Insurers

Considering the fact that millions across the world lost their jobs that paid them a hefty amount, people have been seeking jobs that would help them sustain themselves. And this is true across all fields of work. People have also searched for the best paying jobs in property-casualty insurers or similar fields. If you are someone who is looking for the answer to that topic, then you have come to the destination. So keep on reading this article till the end to learn more… What Are The Best Paying Jobs In Property - Casualty Insurers? In case you were searching for the best paying jobs in the line of property-casualty insurers, you have reached the right place. Well, you see, property-casualty insurers are responsible for protecting their clients or customers from incurring losses. That is the reason why many jobs are available in this field of line. And most of them pay a lot of money as a salary. Here are the top jobs with the best payments that you can get in this line of work: 1. Insurance Entrepreneur Estimated Salary: $95,000 – $105,000 If you are someone who wants to help people who are starting their own small ventures, then you can think about becoming an insurance entrepreneur. An insurance entrepreneur is someone who is associated with lather companies, and they help them create links and partnerships with smaller local companies. 2. Claim Examiners Estimated Salary: $60,000 – $75,000 The task of a claim examiner is to ensure that they review the claims that are made against any insurance policy. In that way, they are responsible for denying or approving claims. So, to pity it simply, claim examiners are responsible for examining claims and their validity. 3. Landlord Insurance Agent Estimated Salary: $80,000 – $95,000 Want to work with landlords and help them rent out their spaces? Then it might be a great idea for you to become a Landlord Insurance Agent. The task of these agents is to ensure that the interests of the landlords are protected at all costs. And thereby, they help the renters to minimize their losses. 4. Life Insurance Agent Estimated Salary: $75,000 – $95,000 This is one of the best paying jobs in the property-casualty insurers line. The task of the life insurance agent is not unknown. They are professionals who are responsible for selling policies that would insure their life. They can either work for an insurance company or be independent. 5. Property Casualty Agent Estimated Salary: $90,000 – $105,000 While the task of the life insurance agent is to insure the life of an individual, the task of the property Casualty Agent is to insure properties. The property can be of any type, from cars to homes and other personal property. 6. Claim Adjuster Estimated Salary: $100,000 – $120,000 The job of the claim adjuster is to assess the value that is associated with the claims. It is one of the most important as well as one of the highest paid jobs in the line of property-casualty insurers. They assess the amount and determine the exact compensation that has to be paid to the customer. 7. Insurance Broker Estimated Salary: $65,000 – $80,000 The job of the insurance broker is to help the clients to meet the right policy according to their needs. These brokers work with a number of clients, which can be individuals or businesses. And there is no doubt that it is one of the best paying jobs in property-casualty insurers. 8. Condo Insurance Agent Estimated Salary: $80,000 – $95,000 If there is something that many people do not know, then it is about the existence of the job of a condo insurance agent. The task of these insurers is simple and similar to that of other insurance agents. Their job is to sell the insurance policies to the customers who are willing to or are looking to insure their condos. 9. Financial Analyst Estimated Salary: $75,000 – $95,000 Several companies need Financial Analysts to help them make their business decisions rational and profitable. In addition, they analyze and advise the companies about what their next move should be. A financial analyst, in simple words, has the task of helping companies or businesses make money that will increase their profit. 10. Underwriter Estimated Salary: $80,000 – $100,000 The underwriter, also known as the insurance underwriter, is someone who evaluates the risks of investing. The main task of the underwriter is to fix the price of the investment that is going to be safe. And will also be able to minimize the loss. How Many Jobs Are There Due to the fact that they provide both individuals and businesses with a wide range of services, property-casualty insurers are crucial to the economy. They guard against mishaps and other losses for both people and property. Property and liability insurers employ a wide range of workers, from underwriters to claims adjusters. There are also a few positions in accounting and actuarial work. If your goal is to work in the insurance business, property and casualty insurers are an excellent place to start. Marketing Jobs for Property-Casualty Insurance Companies that provide property and liability insurance provide a variety of fascinating and demanding marketing roles. Companies that sell insurance to shield individuals and companies against monetary losses brought on by events like fires, theft, and auto accidents are known as property and casualty insurers. These insurance companies need to identify their target markets and develop messaging that resonate with them in order to effectively market their products. They also need to create effective plans for pricing and distribution. They must also monitor the actions of their rivals in order to stay ahead of the game. Executive Management Jobs Executive management positions in the property and casualty insurance sector supervise the various departments within the organization to assist it in achieving its objectives. This entails creating and carrying out plans, managing staff, and maintaining steady finances. The executive management team is typically composed of the CEO, COO, and CFO. They collaborate to ensure that the business is operating profitably and efficiently. It is the responsibility of the executive management to make difficult choices that could impact the company's future during times of crisis. Frequently Asked Questions (FAQs): Now that you have almost reached the end of the article, I would advise you to go through some of these questions that users frequently ask about best paying jobs in property-casualty insurers. You might want to go through these for better clarity. 1. How Are Property Casualty Insurers Different From Life Insurers? While life insurers aim to insure the life of an individual, the task of the property casualty insurer is to insure the properties. 2. How Do Insurance Companies Make A Profit? The only way in which insurance companies can make a profit is to ensure that they are able to market their policies in a much better way. These companies make a profit by investing in insurance premiums. 3. What Are The Risks That Cannot Be Insured? While most things in the world can be insured, there are many risks that cannot be insured. Some of them are:1. Natural disasters2. Pandemic3. Political risks4. Reputational issues Wrapping It Up! The task of property-casualty insurers is widely popular and very much in demand in this world. One of the main reasons for that to happen is because there is absolutely no one who would not want to protect their properties in case there is an accident. But what is not to most people is the fact that there are a lot of different types of jobs and roles in this field. In case you were searching for the answers to best paying jobs in property-casualty insurers, I hope that you found this article to be of help. In addition, if there are any other queries related to the same, feel free to write them down in the comment section below. Read Also: Is Precious Metals A Good Career Path? Is Capital Goods A Good Career Path? How Many Jobs Are Available In Real Estate Investment Trusts?

How Many Jobs Are Available In Commercial Banks?

As you are searching about "How many jobs are available in commercial banks?" I can take it as you are thinking about building your career and want to check different positions for you. It is always the best way to build your career to start the preparation beforehand. It is great that you are thinking about different options and know about them to make the final call. In case you are thinking about choosing the banking sector, this one's for you. The commercial banking industry is now booming. This is one of the industries that are not only doing well but also growing constantly. Here in this article, I will not only answer your question but also give you an insight into this particular job. What Are Commercial Banks? Image Source Commercial banks are nothing but financial institutions that offer different types of banking sector-related services, especially to businesses and individuals. All these services can include foreign exchange trading, credit card issuance, lending, deposit taking, money market operations along more things. In the global economy, commercial banks play a vital role by offering essential financial services and allowing businesses to expand and grow. Their Offerings Now, here are the major things that commercial banks provide. Loans In case you are looking for lines of credit or loans for your business, commercial banks got you covered. The loans can be used for various purposes, like consolidating debt, starting a business, or even purchasing a home. Here, I like to add that with lines of credit, you can borrow money up to a particular limit and also can use that for unexpected or emergency expenses. Deposits They provide different types of deposit products like checking accounts, savings accounts, money market accounts, certificates of deposit, or CDs. All these deposit products let customers save more money, along with earning interest on their balances. Other Services Apart from the above 2 things, commercial banks also offer some other essential services, such as foreign exchange, credit card issuance, and money market operations. With all these, individuals and businesses can access necessary financial assistance in order to expand and grow, as I have said earlier. The Different Types Of Jobs Available In Commercial Bank Now, let's have a look at the different job roles in commercial banks. Loan Officer. Bank Teller. Financial Sales Agents And Traders. Financial Manager. Branch Manager. Financial Consultants. Mortgage Banker. Trust Officer. Relationship Manager. Investment Banker. Asset manager. Foreign Exchange Traders. Equity Analyst. Credit Analyst. Budget Analyst. Internal Auditor. How Many Jobs Are Available In Commercial Banks? There are more than 4,000 FDIC-insured commercial banks, and there are more than 1.95 million people who are currently working in commercial banks in full-time positions. At the same time, the industry of commercial banks is growing every day. Standing in 2023, this industry has developed a market size of $963.4 billion. Although it necessarily does not have anything to do with job vacancies or available jobs in commercial banks. In place of in-person banks, more and more people are shifting to online banking services. Reports say that a lot of commercial banks are investing in digital services. As people keep shifting to different industries or retiring, there are always some jobs available in commercial banks. Although a decline has been noticed regarding the available jobs for bank tellers, on the other hand, the available jobs for financial managers are experiencing huge growth. The number of available jobs has grown by around 17%. Available Jobs In Commercial Banks Now, let's have a quick look at the job profiles that are currently available in the commercial bank's section. When you are looking for "how many jobs are available in commercial banks?" you will also want to know the vacant positions. Bank teller. Senior relationship manager. Financial intel specialist. Credit risk vice president. Commercial banking relationship manager. Loans assistance. Commercial bank risk manager. Commercial banking officer. Commercial associate. Frequently Asked Questions (FAQs):- I believe after going through this article; you got the answer to your question, "How many jobs are available in commercial banks?" along with other necessary details. Now, here are some most common questions that you might have in your mind. So, here, I am answering those so that you don't have any doubts in your head. Q1: How Many People Work In The Banking Industry? Ans: As of the 2022 data, around 2,027,667 people are working in the commercial banking industry in the United States. Q2: How Many Positions Are There In A Bank? Ans: Branch or bank managers, credit analysts, office or administrative staff, mortgage and loan officers, and bank tellers are at the core of a bank. Larger banks usually employ people in different levels of each of those positions on the basis of their responsibilities. Q3: Do Commercial Banks Pay Well? Ans: Just like many other industries, the average salary always depends on the particular role you are applying for, the experience you have, and your location. You will find some jobs paying better than others. Still, the average salary for a bank teller is around $36,000, but that of a financial manager is $131,000. Q4: Does The Commercial Bank Job Need Additional Education? Ans: On the basis of your particular job type, the required education and skill set differ. If you are looking for a bank teller job like many others, only having a school diploma and some training will be enough. On the other hand, as a financial manager, you will need both education and additional experience. Final Thoughts So, now you get the answer to your question, "How many jobs are available in commercial banks?" So, you need to prepare for this job role from now on. If you have any preference for any particular type of job role and profile, you also need to have the necessary qualifications and skills. It is always best to target a particular sector instead of trying here and there. You just need to be focused and keep preparing for this. Always ensure that you are going in the right direction. Also, if you want to get into a particular bank, it is best to know its criteria beforehand. Read Also: Is Major Banks A Good Career Path? How Many Jobs Are Available In Major Banks? Is Investment Bankers/Brokers/Service A Good Career Path?

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

Tags

Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

The 10 WordPress Plugins Every Sucessful Blogger Uses

Follow Us

Recent

Choose Quality Car Hoists From The Premium Car Tools Suppliers

51 Blue Collar Jobs/Career Options To Pursue If You Get Laid Off From Big Tech In 2024

How To Use AI Copywriting For Small Businesses

Moreno Valley Plumbing Pros: Your Reliable Plumbing Experts

Related

Top Four In-Demand Jobs in Australia

Best Paying Jobs In Property – Casualty Insurers

How Many Jobs Are Available In Commercial Banks?

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

Tags

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

Recent

Related