Archive for the ‘Securities’ Category

National Retirement Planning Week

Wednesday, April 9th, 2014

Each day about 10,000 Baby Boomers enter their retirement years. They are members of a generation who are largely unsure of their financial future as seen in the latest research findings from the Insured Retirement Institute (IRI). For four years, IRI has seen Baby Boomers’ confidence in their financial preparations for retirement steadily dropping, with only about a third optimistic about their situation.

While Baby Boomers have redefined life at every corner, their lasting legacy may be in how Americans prepare for their retirement years. Through the course of their working years, a unique set of challenges has emerged, including changes in employee benefits, longer life spans, uncertainty with Social Security and Medicare, as well as rising cost of health care. As a result, preparing for and financing one’s retirement is now increasingly difficult, with more Americans shouldering the burdens themselves. This new paradigm is largely responsible for the confidence deficit observed among Baby Boomers.

But the National Retirement Planning Coalition – a group of prominent education, consumer advocacy and financial services organizations – says this does not have to be the case. Crafting a holistic financial plan for retirement can restore confidence and build savings for those post working years. To help spread its message, the coalition has organized National Retirement Planning Week®, a national effort to help consumers focus on their financial needs in retirement TesTeachers is proud to announce that it will be supporting National Retirement Planning Week® 2014, which will take place from April 7 to 11.

We understand how the challenges of every day priorities and the pressures of looking at the future can make planning for retirement initially seem daunting, but it certainly doesn’t have to be. Carving some time out on a routine basis to review your finances and assess you financial preparedness for retirement is an achievable first step. Being proactive about planning and seeking professional guidance when warranted can help Americans achieve financial freedom.

The coalition, led by IRI, recognizes that the need to educate Americans on retirement planning is an ongoing effort and is committed to making this a national priority. National Retirement Planning Week® and other coalition activities will demonstrate that it is possible to “Retire On Your Terms” if comprehensive retirement plans are properly developed and managed. To support these education efforts, the coalition has collected the latest resources to help consumers and financial professionals focus on long-term financial goals. These tools are available year-round at www.retireonyourterms.org.

The National Association of Registered Agents and Brokers (NARAB)

Wednesday, February 5th, 2014

This past Thursday, January 30th, legislation passed the Senate which would create a non-profit entity, The National Association of Registered Agents and Brokers (NARAB). This change had been tacked onto the much discussed Flood Insurance Delay also known as the “Homeowner Flood Insurance Affordability Act of 2014.”

In the past the House has already passed a bill for NARAB three times, but the Senate, which was preoccupied with other issues, never followed through. Due to NARAB being attached to the Flood Insurance Delay bill the Senate is finally getting around to it.

NARAB aims to make it easier for agents and brokers to become licensed in other states than the one they currently reside. It will provide for streamlined non-resident insurance agent and broken licensing while preserving state insurance regulation and consumer protections, according to Robert Rusbuldt, Chief Executive Officer and President of Independent Insurance Agents & Brokers of America, Inc.

NARAB appears to have overwhelming support from those in the insurance industry.  It will keep the same strict guidelines but allow for a more streamlined system that should strengthen the licensing process. According to an issue brief by the National Association of Insurance Commissioners (NAIC) they “[recognize] the mechanics of non-resident producer licensing can be further streamlined by federal action, but this should not undermine state regulatory authorities to protect insurance consumers and take enforcement action against malfeasant producers.”

The NARAB board, under the most recent bill, will consist of 13 members, eight of which are state insurance commissioners appointed by the President. The remaining five will consist of insurance industry representatives.

For a more detailed article about NARAB hopes to accomplish and how check out this article from the Insurance Journal from October 3, 2013.

Are you being SMART?

Wednesday, January 29th, 2014

Have you been making SMART goals for yourself? S.M.A.R.T. stands for specific, measurable, attainable, relevant, and time-based. Studies show that goals that follow these guidelines are more likely to be reached than broad opened ended goals with no deadline. For example, if you made a resolution to lose weight this year you are less likely to accomplish your goal than someone whose goal was to lose twenty pounds in three months. By giving yourself more rigid guidelines the goals are more concrete. Implementing this sort of goals into your professional life can make all the difference!

So how can you set SMART goals for yourself? Well first you have to answer a series of questions.

To set a specific goal you must answer the six “W”s:

Who? What? Where? When? Which? Why?

For example, a general goal would be to pass your insurance licensing exam. But a specific goal would be to pass your insurance licensing exam by studying for an hour every day.

To make it measurable you must decide on hard numbers to measure your progress by to help you stay on track. If you aren’t sure if your goal is measurable ask yourself questions like How much? How many? In the above specific example you have decided to study an hour every day, which is a measurable goal because you are able to follow your progress.

Attainability is more a frame of mind than anything. Do you really want this goal? Are you willing to put in the time and effort? Make sure you are realistic. Don’t claim you are going to study for 3 hours every day when you know you won’t be able to live up to that expectation, it is better to be realistic and able to meet your goals.

Is your goal relevant to what you want to achieve? Seems obvious but you want to make sure you aren’t being side-tracked by something that ultimately won’t help you in the long run. Why are you doing this? What is the end result and is that relevant to your overall desire for the goal in the first place?

The last is very important. You need to give yourself a deadline. Without a time frame you can always fool yourself into thinking you are working towards your goal when you really haven’t made any changes at all. A time frame causes a sense of urgency and importance. Don’t just make plans to pass your exam, but plan to pass it in a month’s time!

Now that you know how to make SMART goals, what are yours? Can TesTeachers help you achieve them? Check us out! We’ve been helping people pass their insurance and securities licensing exams on the first try for the past 40 years and you could be next!

TesTeachers #1 in Colorado!

Thursday, November 7th, 2013

Reports are in from Pearson Vue!

From June 1st through October 11th, of this year, TesTeachers has the highest first time pass ratio in Colorado with 72%

The proof is in the pudding, be sure to sign up with TesTeachers for your next exam to receive the best support possible for passing your test on the first go!

 

Who is TesTeachers?

Wednesday, March 31st, 2010

First off, welcome to our new site and new blog!  We are very excited to have this blog available as a part of our brand new site.  In case this is your first visit to our site, we thought this post would be a good introduction to who we are and what our company philosophy is.  Our company has been training individuals to pass insurance and securities licensing exams for almost 40 years now.

It was the early 70’s in Portland, Oregon when the state passed a law requiring those who wanted to obtain an insurance license to complete a live lecture pre-license training course.  Oregon just happened to be one of the first states in the nation to pass an insurance pre-license education requirement.  At the time there were not really any schools available for future insurance agents to take the required courses.  Thus, our company was formed.

Since the founding of our company we have operated live schools in Oregon, Washington, California, Hawaii, Arizona, Texas, Colorado and Minnesota and have sold our hard copy study products throughout the US since the late 90’s.  We currently operate the largest live lecture insurance and securities schools in Arizona and Colorado.

So, how does this all tie together?  Beginning in 2006 we converted all our content to also be available online in lecture flash video format.  Around the same time we re-branded our company as TesTeachers and began to market our online video lecture courses throughout the nation.  As the first school ever to offer a true replication of a live lecture class online, the use of our online training programs has grown tremendously.

We are here to teach you what you need to know to pass your licensing exam, period!  We are not here to train you how to sell insurance or securities products, or provide you education about the history of the insurance or securities industry.  You want to pass the test, and we understand if you don’t we are not doing our job.  In order to pass your exam, you must understand the concepts behind the questions.  Memorizing questions and answers is not enough, in fact it is a sure fire way to fail your exam!

For this reason we have instructors available by e-mail to help you further comprehend anything in case you get stuck.  Why do we do this?  Because we want you to pass your exam on your first attempt.

Each course also includes our video lecture sessions in downloadable and streaming format.  The audio from these sessions is also provided in mp3 format.  No other vendor anywhere offers these important study tools.

Well, that is the long and short of it.  We look forward to a bright future as we continue to increase the effectiveness of our programs any way we can.  We hope we have the opportunity to assist you in passing your exam on your first attempt.  Thank you for taking the time to read this post, and if you are are student, get back to your studies, you have work to do!

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