The Office of Academic Enrichment (OAE) helps students develop academic skills and strategies so they can be successful. Through academic coaching sessions, Joanna Martin-Granger, left, helped first-year student Natalie Guida learn how to stay organized and manage her time.
ChatGPT is the artificial intelligence (AI) chatbot that took the tech world by storm. And we’re not done talking about it or learning what it can do. The most latest ChatGPT feats consist of passing law and business school exams. Although ChatGPT is still just an average student with a lot to learn before becoming a straight-A student, this is obviously an astounding development.
The bot scared Google to the point where the internet search giant has shifted resources to have ChatGPT-like products ready for a spring demo.
Not only that, but Google’s founders are back to help with these efforts, as ChatGPT could become a massive threat to Google Search. Of note, Google is already starting to show off AI solutions of its own, like the new Google AI that can generate music from text. But online search is Google’s bread and butter. That’s how it makes billions of dollars from ads.
ChatGPT isn’t a reliable Google Search replacement right now, just as it’s not a straight-A student. But the AI tool is showing progress.
Professors at the University of Minnesota Law School tested ChatGPT on exams from four courses. The bot had to complete 95 multiple-choice questions and 12 essay questions. ChatGPT performed on average at the level of a C+ student. It achieved a “low but passing grade in all four courses,” the professors wrote in a study called ChatGPT Goes to Law School.
Similarly, professors at Wharton tested ChatGPT with a business management course exam. The chatbot scored better on this exam, getting a B grade.
Wharton business professor Christian Terwiesch said ChatGPT did “an amazing job” dealing with basic operations management and process-analysis questions. But it struggled with more advanced ones and made surprising math mistakes. Wharton has a paper on the experiment: Would Chat GPT3 Get a Wharton MBA?
The emergence of ChatGPT made some schools ban the chatbot. Public schools in New York City and Seattle have already banned it, per CNN. Students and teachers can’t use ChatGPT on school networks or devices.
The worry is that ChatGPT could offer students new ways to cheat on exams and papers. The law and business school test experiments show that ChatGPT has what it takes to pass exams with average grades or better.
But the chatbot could be helpful to students outside of exams, too. “ChatGPT struggled with the most classic components of law school exams, such as spotting potential legal issues and deep analysis applying legal rules to the facts of a case,” Jon Choi told CNN. “But ChatGPT could be very helpful at producing a first draft that a student could then refine.”
Choi is a professor at the University of Minnesota. He also argued that human-AI collaboration might become the norm in the future of law. Of note, ChatGPT can already write legislation.
Terwiesch told CNN that the chatbot was “remarkably good” at modifying its answers as it reacted to human hints. This indicates ChatGPT could assist humans in various ways, aside from just during exams. The professor said bans are needed to ensure students can’t access the bot during exams. But Terwiesch acknowledged that there’s a place for ChatGPT in the classroom of the future.
New research conducted by a professor at University of Pennsylvania’s Wharton School found that the artificial intelligence-driven chatbot GPT-3 was able to pass the final test for the school's Master of Business Administration (MBA) program.
Professor Christian Terwiesch, who authored the research paper "Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course," said that the bot scored between a B- and B on the exam.
The bot's score, Terwiesch wrote, shows its "remarkable ability to automate some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the jobs held by MBA graduates including analysts, managers, and consultants."
The bot did an "amazing job at basic operations management and process analysis questions including those that are based on case studies," Terwiesch wrote in the paper, which was published on Jan. 17. He also said the bot's explanations were "excellent."
The bot is also "remarkably good at modifying its answers in response to human hints," he concluded.
Terwiesch’s findings come as educators become increasingly concerned that AI chatbots could inspire cheating. Although chatbots are not a new technology, ChatGPT exploded on social media in late 2022. Earlier this month, New York City’s Department of Education announced a ban on ChatGPT from its schools’ devices and networks.
Much of the debate is centered around ChatGPT’s conversational speaking style and coherent, topical response style, which makes it difficult to distinguish from human responses.
Experts who work in both artificial intelligence and education have acknowledged that bots like ChatGPT could be a detriment to education in the future. But in recent interviews, some educators and experts they weren’t concerned — yet.
A spokesperson for artificial intelligence startup OpenAI, which created the bot, declined to comment.
The GPT-3 model used in the experiment appears to be an older sibling of the most latest ChatGPT bot that has become a controversial Topic among educators and those who work in the field of AI. ChatGPT, the existing version, “is fine-tuned from a model in the GPT-3.5 series,” according to OpenAI’s website.
While Chat GPT3's results were impressive, Terwiesch noted that Chat GPT3 “at times makes surprising mistakes in relatively simple calculations at the level of 6th grade Math.”
The present version of Chat GPT is “not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates," Terwiesch added. "This includes process flows with multiple products and problems with stochastic effects such as demand variability.”
Still, Terwiesch said ChatGPT3’s performance on the test has “important implications for business school education, including the need for test policies, curriculum design focusing on collaboration between human and AI, opportunities to simulate real world decision making processes, the need to teach creative problem solving, improved teaching productivity, and more.”
After publishing his paper, Terwiesch told NBC News that he’s become more aware of the debate around the chat bot and the subsequent conversation surrounding whether it should be banned.
He believes there's a way to marry education and AI to enhance learning for his students.
"I think the technology can engage students in other forms others than the good old, 'write a five-page essay,'" he said. "But that is up to us as educators to reimagine education and find other ways of engaging the students."
CNN —
ChatGPT is smart enough to pass prestigious graduate-level exams – though not with particularly high marks.
The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another test at University of Pennsylvania’s Wharton School of Business, according to professors at the schools.
To test how well ChatGPT could generate answers on exams for the four courses, professors at the University of Minnesota Law School recently graded the tests blindly. After completing 95 multiple choice questions and 12 essay questions, the bot performed on average at the level of a C+ student, achieving a low but passing grade in all four courses.
ChatGPT fared better during a business management course test at Wharton, where it earned a B to B- grade. In a paper detailing the performance, Christian Terwiesch, a Wharton business professor, said ChatGPT did “an amazing job” at answering basic operations management and process-analysis questions but struggled with more advanced prompts and made “surprising mistakes” with basic math.
“These mistakes can be massive in magnitude,” he wrote.
The test results come as a growing number of schools and teachers express concerns about the immediate impact of ChatGPT on students and their ability to cheat on assignments. Some educators are now moving with remarkable speed to rethink their assignments in response to ChatGPT, even as it remains unclear how widespread use is of the tool among students and how harmful it could really be to learning.
Congressman gives speech written by AI
Since it was made available in late November, ChatGPT has been used to generate original essays, stories and song lyrics in response to user prompts. It has drafted research paper abstracts that fooled some scientists. Some CEOs have even used it to write emails or do accounting work.
ChatGPT is trained on vast amounts of online data in order to generate responses to user prompts. While it has gained traction among users, it has also raised some concerns, including about inaccuracies and its potential to perpetuate biases and spread misinformation.
Jon Choi, one of the University of Minnesota law professors, told CNN the goal of the tests was to explore ChatGPT’s potential to assist lawyers in their practice and to help students in exams, whether or not it’s permitted by their professors, because the questions often mimic the writing lawyers do in real life.
“ChatGPT struggled with the most classic components of law school exams, such as spotting potential legal issues and deep analysis applying legal rules to the facts of a case,” Choi said. “But ChatGPT could be very helpful at producing a first draft that a student could then refine.”
He argues human-AI collaboration is the most promising use case for ChatGPT and similar technology.
“My strong hunch is that AI assistants will become standard tools for lawyers in the near future, and law schools should prepare their students for that eventuality,” he said. “Of course, if law professors want to continue to test simple recall of legal rules and doctrines, they’ll need to put restrictions in place like banning the internet during exams to enforce that.”
Likewise, Wharton’s Terwiesch found the chatbot was “remarkably good” at modifying its answers in response to human hints, such as reworking answers after pointing out an error, suggesting the potential for people to work together with AI.
Scott Galloway on the 'scarier part' of AI tools like ChatGPT
In the short-term, however, discomfort remains with whether and how students should use ChatGPT. Public schools in New York City and Seattle, for example, have already banned students and teachers from using ChatGPT on the district’s networks and devices.
Considering ChatGPT performed above average on his exam, Terwiesch told CNN he agrees restrictions should be put in place for students while they’re taking tests.
“Bans are needed,” he said. “After all, when you deliver a medical doctor a degree, you want them to know medicine, not how to use a bot. The same holds for other skill certification, including law and business.”
But Terwiesch believes this technology still ultimately has a place in the classroom. “If all we end up with is the same educational system as before, we have wasted an amazing opportunity that comes with ChatGPT,” he said.
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Preparing for the Project Management Professional (PMP)® test can be daunting. With a wealth of PMP prep resources available across the internet, you might feel overwhelmed, uncertain or confused about which resources are the best.
Creating an effective personal study plan with goals and deadlines and using the best test prep resources will help to ensure your PMP certification success.
In this article, we share some strategies and PMP test prep resources to help you prepare to take the test. Options vary from short practice exams to PMP prep courses. Let’s dig in.
Prepping for Your PMP Exam
With the PMP test costing up to $555 per attempt, intentional preparation is critical for saving money, time and energy. The Project Management Institute (PMI) administers the PMP exam. PMI states that successful test-takers spend 35 hours or more on test prep.
The following considerations can help you pass the PMP exam on the first try.
Obtain Minimum Contact Hours
PMP candidates must complete at least 35 contact hours of formal project management education before they can take the certification exam.
You can build these contact hours through the following avenues:
- PMI-authorized training partners
- Employer/company-sponsored programs
- Training companies or consultants (e.g., training schools)
- Distance-learning companies, including an end-of-course assessment
- University/college academic and continuing education programs
Create a Reasonable Test Timeline
Once you complete your contact hours, it’s time to set a test-taking timeline.
The American Psychological Association suggests stretching your study time over a more extended period to help you better retain information. For example, if you aim to complete 35 total hours of studying, it is better to study for three to four hours per week for nine to 11 weeks rather than 12 hours per week over three weeks.
Last-minute cram sessions can be helpful for short-term information retention, but spacing out your study sessions results in better recollection.
After you determine how long your preparation should take, schedule out study time and practice exams leading up to test day.
Take Practice Exams
Practice exams are a great way to track your progress and test how well you recall the test material. You don’t need to take the full 200-question test every time. Shorter, more focused tests can help you identify improvement areas and strengthen your knowledge of specific subjects.
Toward the end of your preparation period, make sure you are ready for test day by taking the paid, PMI-authorized practice exam. This practice questions follows the same format as the PMP certification exam, giving you a true feel for the official test’s design, questions and time frame.
PMP test Prep Resources
The following resources, excluding PMI’s official Project Management Body of Knowledge Guide (PMBOK® Guide), are completely free and can be used for self-study and reference purposes.
PMI PMBOK Guide
The PMBOK Guide is the foundational resource for all things project management. It details the best practices, terminologies and guidelines that all project managers should know. The PMBOK Guide is a must-have resource for any project manager. It costs only $99 and is free to PMI members.
PMPPracticeExam.org
PMPPracticeExam.org is a free, no-frills resource that helps you prepare for the PMP exam. The site offers four practice PMP exams, each of which contains 50 multiple-choice questions covering three domains: people, process and business environment. This practice questions reflects the same proportions found on the official PMP exam.
Each practice questions is instantly scored and provides detailed explanations for questions answered incorrectly.
PM PrepCast
PM PrepCast offers a free, 120-question practice test. Each question connects to a specific project management knowledge area and domain. This resource includes a test-timer and a marking feature for self-review. If you are struggling to answer a practice question, you can use the hint button.
PM PrepCast also offers a project management test simulator for $149. This resource includes over 2,280 sample questions with detailed answer notes and helpful references to further your learning.
Project Management Academy
As a PMI-authorized training partner, the Project Management Academy offers a free 50-question training test to all users. The organization also features 2,000 additional practice questions for Project Management Academy students.
The Project Management Academy’s practice test is based on PMBOK Guide topics. Your test results include explanations for every answer. Keep in mind that to receive your test results, you must input your name and email address.
Quizlet
Quizlet’s user-created study set includes over 1,500 terms and definitions. Quizlet is free, does not require an account and offers multiple self-study options, including a flashcard feature.
With an account, you can use Quizlet’s term-matching feature. You can also generate a test that includes written-answer, multiple-choice, true-or-false and matching questions. If you want a more advanced learning experience, the Study Path feature uses your individual goals to create a study plan.
BrainSensei
BrainSensei offers two PMP training modules and a mini practice exam. This resource offers a seven-day free trial.
Each module uses an interactive slide deck and videos to teach project management concepts. The first module is an overview of project management, and the second focuses on initiating a project. Each unit offers self-assessment opportunities, which require users to drag and drop the appropriate vocabulary terms into their correct respective spaces.
Tests.com
This practice questions resource is free and comprises 25 questions. Tests.com organizes its PMP practice questions into five sections, aligned with the five steps of the project life cycle: initiating, planning, executing, monitoring and controlling and closing. Each question is multiple-choice and includes a short description.
This resource is best for quickly testing your knowledge of the project life cycle.
Simplilearn
The Simplilearn practice questions is free and based on the PMBOK Guide. It includes 200 multiple-choice questions. Test-takers have 240 minutes to complete the practice exam. They can pause and continue the test at any point and attempt the test as many times as they want.
Taking this lengthy test from beginning to end can help build your mental stamina in preparation for the real deal. Skillup by Simplilearn offers a free PMP basics course if you need more study time before taking the practice test.
Udemy
Udemy’s free PMP test prep course covers various introductory project management concepts. The five-unit course—plus one paid self-promotion unit—walks through each Topic using short video lessons that total just 1.5 hours.
The Udemy course can be helpful for those who are just starting project management careers or seeking more information about the PMP exam.
PM-Training
This free 200-question practice test uses Google Forms. Once the test is complete, your results include a final score and provide feedback that references specific sections of the sixth-edition PMBOK Guide.
Some practice questions address concepts covered in the PMBOK Guide, and some refer to Agile or adaptive methodologies. This test can deliver you a broad sense of the questions you’ll find on the PMP certification exam. Those interested in the PMI Agile Certified Practitioner test can benefit from this practice questions as well.
PMP-TestPrep
Unlike the other free practice exams on this list, this resource offers three difficulty levels. The easiest level is not timed and gives instant feedback after each question. The second has a two-hour time limit and provides feedback at the end. The third and most difficult level limits your time on each question.
This test comprises 90 questions and explains the correct answers after submission. The test also shares your accuracy on each of the PMBOK Guide performance domains, helping you identify areas that might require more study time.
Photos by Kathy F. Atkinson February 14, 2023
Heading into her first year at the University of Delaware, Natalie Guida wanted to make sure she was taking advantage of all the resources offered to her so that she could make the most of her academic experience. Before she even began her first semester, she scoped out the Office of Academic Enrichment’s website and decided she would utilize the tutoring services and meet with an academic coach.
Those services proved to be invaluable, and she took the lessons learned and is now applying them to the spring semester as well.
“As a freshman, I didn’t know where to start,” said Guida, a marketing major. “Talking through my goals and learning how to stay organized and schedule my time was super helpful.”
The Office of Academic Enrichment (OAE) helps students develop academic skills and strategies so they can be successful. Among the offerings are individual and drop-in tutoring, skill-building classes, one-on-one coaching, review sessions and workshops — and nearly all of the services are free. All undergraduate students can benefit from the support OAE offers; struggling students can gain confidence and see great improvement, and high-achieving students can become even stronger.
Joanna Martin-Granger, one of OAE’s academic success coaches, shared time management, organization and study tips so students can set themselves up for a successful semester.
Time management
Martin-Granger said the biggest issue she sees with students is a lack of time management, which then has a ripple effect into all other aspects of student success. When the semester starts, students often feel like they have a lot of free time, but then by the third or fourth week of classes, work can begin to pile up and students can easily feel overwhelmed.
“As a freshman, I didn’t know where to start,” said Natalie Guida, a marketing major. “Talking through my goals and learning how to stay organized and schedule my time was super helpful.”
“You have to have a plan for your time. A lot of times, we just assume things will get done, but we don't really know the when and the how around that,” she said. “When it comes to time management, I always tell students, a man who fails to plan plans to fail. We need to come up with how you are going to work the time that you have, and that starts with mapping out the semester.”
Looking ahead at due dates and seeing when assignments in different classes overlap is key, Martin-Granger said. After mapping out the entire 15-week semester, students should break down their schedules on a weekly basis, specifically looking for gaps of times that can be better utilized.
A lot of students lose valuable time without even realizing it, Martin-Granger said. For example, a student may have a class in the morning, followed by a break before classes later in the afternoon. During that break, some students might opt to take a nap or hang out with friends, but by doing that, they’re wasting prime studying time.
“Students often wait until the end of the evening to do their studying, when the reality is that gap — those three hours between classes — are probably better utilized doing some homework,” Martin-Granger said. “And so we’re able to find where students are losing that time, and better utilize it. Then you could go to sleep at night, because you don't have to stay up until 2 a.m. trying to do the homework that you very easily could do in those gaps between classes.”
Staying organized
When it comes to staying organized, students need to figure out the best system that works for them, whether that’s having a paper planner or using a digital calendar to mark classes, due dates and other obligations.
“The best system is the one you can maintain,” Martin-Granger said. “For some folks, having a paper planner is their thing, they love the physicality of that — then you should do that. Don't try to go digital if that doesn't work for you. Figure out what it is that's going to be the most accessible and what's going to be the easiest way for you to maintain that system, and then you will be able to work that system best.”
Martin-Granger also advises to keep the end in mind when tackling assignments.
“I'm really big into reverse engineering things,” she said. “If you have a paper and it's due by a certain date, and your professor has already outlined all the pieces that you'll need to turn in … ask yourself, ‘What kind of deadlines do I need to impose on myself so I can get this thing done in a timely fashion so I can get that grade or I can complete it by that deadline that I want.’ Thinking about assignments with the end in mind is always really great.”
Combatting procrastination
Procrastination is a habit, not a genetic trait, Martin-Granger said.
“Procrastination is not a character flaw,” she said. “A lot of times students are like, ‘I'm a procrastinator.’ No, you procrastinate, and there's a difference. It's a habit that you've created, and you can unlearn that. It's not genetic. You're not genetically predisposed to being a procrastinator. And so because it's not something that's inherent to you, we can teach you things to help things be different for you.”
The Office of Academic Enrichment has tip sheets on many ways to plan for success.
There are lots of root causes for procrastination, including fear of failure, perfectionism, fear of criticism, avoidance or trouble focusing. Martin-Granger said to identify the root of procrastination, and then address that with the help of an academic coach.
Martin-Granger also advises students not to believe the lie that they work better under pressure.
“The fact is that pressure actually just creates a sense of motivation that wasn't there before,” she said. “Try to figure out why you procrastinate, and then get some support around it.”
Study tips for success
Studying for exams begins well before students sit down to study, and most of the time students don’t realize that, Martin-Granger said. Studying can involve reviewing notes, attending a discussion session or using flashcards to stay on top of terminology.
“We really need to expand how we think about studying,” Martin-Granger said. “Studying is not just the thing you do when you go to the library with all your materials and read it in time to take a test.”
Martin-Granger recommends that students study two to three hours each week per credit hour. So if a student takes 15 credits, which is fairly average, he or she should study about 30 to 45 hours per week.
“Think full-time student, full-time job. It’s the same concept,” she said. “So you as a full-time student, that's the range in which we're expecting you to commit to your studies. And again, that goes back to expanding that concept of studying. I'm not saying that you need to be sitting down for 30 to 45 hours practicing your notes, but engaging with the material external to that class time is the expectation.”
Students can begin studying before they even go to class. Professors often post their materials before a lecture or will upload their slides at the beginning of the week. Taking 10-15 minutes per lecture to preview the materials can allow students to anticipate what’s going to be discussed in class.
The next step in studying is reviewing and reformatting notes taken during class.
“This is essentially where you are going to make your notes your own and make them have meaning,” Martin-Granger said. “A lot of times students may write something down the way that the professor says it, but that's not the way you speak, and it’s not going to be the best way for you to remember it. Make it your own. Rewrite those notes so that it sounds like your own voice, and then you'll be more prone to remember them.”
Students can learn how to become better note-takers by seeing a coach or attending a note-taking workshop.
Part of the reviewing process is repetition. Martin-Granger teaches students about the Ebbinghaus Forgetting Curve, a memory model that demonstrates that people lose information over time if they don’t try to retain it. The steepest decline occurs on the first day after learning new information, which is why it’s important to review notes shortly after taking them.
The Office of Academic Enrichment is housed in the Center for Academic Success at 148-150 S. College Avenue in Newark.
As time goes on, if students continue to engage with the material, they’ll be less likely to forget the content. Martin-Granger advises against pulling an all-nighter or trying to cram before an exam, because when the test is over, students won’t remember 90% of that information. Instead, students should distribute that learning over time. After all, Martin-Granger said, the goal of studying isn’t to do well on an exam, it’s to master the material so that knowledge can be applied in future careers.
“If somebody hands you a cheeseburger, do you swallow it whole or do you take bites?” Martin-Granger said. “Students say, ‘That's impossible. You can’t swallow it whole. You’ll choke.’ Exactly. That's what cramming overnight trying to study is like — you trying to swallow a hamburger whole. If you distribute over time, you get to take the bites, you get to actually enjoy what you're eating because you can taste it, you’re not choking on it, and it actually becomes a lot more appetizing. And so that distribution gives students a chance to actually take in what it is that they're studying.”
Taking time to unwind
In the midst of a busy semester, students need to take time to destress and rest — and rest can include things like watching TV or scrolling TikTok — but it’s important to make time for those things.
“We don't want to use hanging out with friends, socializing, TikTok — whatever it might be — as an avoidant tactic to getting the work done, but it is important to still engage in those things,” Martin-Granger said. “You have to have that downtime, but if you schedule it, then it will be more of a help than a hindrance to your student experience.”
© Provided by CBR
The first volume of Weekly ShÅnen Jump this year had something interesting in it. The main characters from each magazine were dressed in similar attire and presented the same phrase in different forms: åæ ¼ç¥é¡ (GÅkaku kigan). As for the meaning of this cover and this phrase, it's a cultural thing.
A lot of what's going on in ShÅnen Jump's cover has to do with the New Year. Japan has its own set of traditions for celebrating New Year's Day. Jump decided to use this occasion to embody a rather specific part of that tradition.
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In Japan, people like to usher in the New Year with their first official visit to a local Buddhist temple or Shinto shrine; this is called HatsumÅde (åè©£). Once there, they'll make all sorts of prayers (ç¥é¡, kigan) for good luck. They often pray for fortune in things like health, love, business, or even exorcism. In the case of students, the thing they pray for should be obvious.
A GÅkaku kigan is best translated as a "prayer for (academic) success." This is for all of the entrance exams and other such exams that students have to take at the start of the New Year. They might not feel confident that studying is enough, so they hope for a miracle on top of it.
As for why Jump is praying for success on exams, in particular, it likely has to do with their target demographic. ShÅnen (å°å¹´) specifically refers to young or adolescent boys. This mostly refers to elementary school and middle school boys, but it can also include high school boys, too; any other demographic the magazine happens to attract is just good business. This cover is wishing luck to all the young boys in the audience who will likely be taking exams soon.
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The way åæ ¼ç¥é¡ is written and presented can be in many forms. Most who are cheering for students to succeed will wave flags, fans, and banners. Some more eccentric supporters will put on outfits or speak through megaphones like they're part of an Åendan (å¿æ´å£), literally "cheering squad" or "cheering section"). Much of this can be seen in the Jump cover.
It was nice of Jump to pay this indirect tribute to its readers. It serves as both a thank-you for reading, but also a reminder of the importance of studying. Hopefully, the readers will take this prayer to heart and do their best on their exams.
Life insurance is considered to be a vital part of financial planning for millions of adults. But for seniors, the benefits are not always clear. The cost of getting a policy relative to the coverage that can be secured can be inconsistent.
But that doesn't always mean life insurance for seniors isn't worth it. This particular financial protection can be beneficial in multiple ways - from covering end-of-life expenses to serving as an inheritance to loved ones and more. To get the most out of a policy, seniors should do their homework to discover the most valuable and cost-effective type.
Enter no-exam life insurance. This type of insurance can be secured more easily than other common life insurance types - and it doesn't need to be expensive either. There are multiple advantages to no-exam life insurance for seniors that we will explore below.
If you're considering life insurance then start by getting a free price quote now.
Why seniors should buy no-exam life insurance
Here are three reasons why seniors should buy no-exam life insurance now.
They don't need to take an exam
The best reason for seniors to purchase this type of life insurance is obvious: They don't need to take a medical exam to secure a policy. While the absence of a medical examination is beneficial on multiple fronts, it's especially helpful for older adults. That's because life insurance medical exams are thorough, testing blood, urine, blood pressure and more. You'll need to answer a questionnaire online and sit for the test with a medical professional. This vetting could reveal problematic health issues that could result in limited coverage and higher costs. Depending on the results of the exam, seniors could even risk having their application rejected altogether.
But with no exam, all of these concerns are removed from the equation, leaving the applicant one big step closer to securing a policy.
Get a free price estimate online now to see what it could cost.
They can get approved quickly
It can take days - if not weeks - to schedule a medical test at a time and place that's convenient for both you and the insurance provider. The results of that test then need to go back to the provider for closer inspection, at which point they will either approve you for the coverage you applied for or counter with an amount they feel comfortable with. They may also turn down your application in full. All of this takes time and, depending on the ultimate result, could leave you back at square one.
But with no medical exam, you'll significantly expedite the approval process. Some providers will approve you within days while others may sign off on an application the same day it was submitted.
Nobody likes to waste their time. For seniors, especially those enjoying their retirement, an arduous and lengthy process can be discouraging. Fortunately, they can hasten the life insurance application by choosing a no-exam policy.
They have options to choose from
No-exam life insurance isn't tied to one specific type of life insurance. Whole life insurance, for example, has an attractive cash reserve that can potentially be used by the policyholder while they're alive. It also lasts for the duration of the insured's lifetime. Term life insurance lasts only for specific timeframes before expiring. It's also generally cheaper than whole life insurance policies.
You can get a no-exam policy with either type of insurance. If you prefer whole life insurance you can apply for it minus a medical exam. You can do the same for term life insurance policies if you think that's the better fit. No-exam life insurance policies won't limit you to a specific type, giving you more freedom and options to choose from.
The bottom line
Life insurance can be helpful to have for adults of all ages - even seniors. But for older adults to get the most value from a plan they need to choose the right type. No-exam life insurance, in particular, with its lack of a medical test and expedited process, is an insurance worth pursuing. It can be tied to either a whole or term life insurance policy, too, giving seniors the flexibility to secure the best policy for their needs.
Start by getting a free price quote online today.
Even with a solid business plan, well-developed products or services and a network of established customers hungering for said business offerings, organizations have no guarantee of challenge-free success. In fact, if there is one thing a business owner can expect, it's that they will encounter adversity.
Despite this fact, adversity should be regarded as an opportunity for businesses to regroup and innovate. Learning strategies for effectively handling and overcoming these obstacles can allow entrepreneurs to operate their business in an even better way than before. To that end, 13 Newsweek Expert Forum members offer advice below on how entrepreneurs can strategically leverage adversity for business success.
1. View Success as an Ongoing Process
It starts by adopting a mindset that views success as a process rather than a pass or fail. Defusing perfectionistic tendencies and stripping power from your intense inner critic is a challenge. It involves consistent check-ins, self-assessments and taking risks. Confidence and resilience are acquired by repetition and frequently putting yourself in situations that trigger discomfort and grit. - Leah Marone, Corporate Wellness Consultant
2. Prepare in Advance for Challenges
Entrepreneurs, adversity and innovation are inseparable. An entrepreneur's primary roles include filling needs by solving problems and generating revenue. Whether problems emerge through adversity, desire or inspiration, entrepreneurs who are ready to meet the moment with strategic innovation often reap the benefits of business success. Readiness and responsiveness are keys to meeting the moment. - Lillian Gregory, The 4D Unicorn
3. Reflect on Needed Improvements to Established Systems and Processes
In any business, be it a nonprofit or for-profit organization, adversity should point us to assumptions we or our organization hold onto that are no longer valid. This takes some deep analysis and reflection to avoid simply tweaking a system. Structures that are living on incorrect assumptions will not be helped by rearranging the pieces on top of them. - Dan Lutz, Lutz Globe LLC – Global Leadership of Business and Education
4. Know Your Risk Tolerance
Innovation inherently means there is some risk that could mean setbacks or failure. The ability of an entrepreneur to enter any innovation cycle with the self-awareness of what levels of risk are acceptable for the potential growth that can be realized, and then use that knowledge as a basis for decisions, can minimize fallout if plans do not come to fruition. - Lowell Aplebaum, Vista Cova
5. Build Confidence Based on Past Successes
If you've faced adversity in the past, what is actually good is if you survived it. As they say, what doesn't kill you only makes you stronger. It also gives you the confidence to face future challenges knowing you've hurdled harder ones in the past. - Zain Jaffer, Zain Ventures
6. Talk With Experienced Peers
Consult with fellow or more experienced entrepreneurs. This is the best way to learn how they leverage adversity for business success. Learning is a never-ending activity that can prove to be the most important thing when experiencing challenges. You should surround yourself with a circle of like-minded professionals and entrepreneurs who can impart practical ideologies. - Dr. Kira Graves, Kira Graves Consulting
7. Lean Into Creative Inspiration
Many of the most innovative ideas and creations arise from creative tension, friction and restrictions. When people are backed into a corner or under pressure, they often come up with more unique solutions to help them claw their way out of the situation, which would never have occurred to them otherwise. The determination to succeed, bravery and some time set aside for brainstorming are all key. - April White, Trust Relations
8. Establish a Culture That Embraces Risks
Establishing an organizational culture that embraces and encourages calculated risk-taking is a strategic approach that challenges the status quo and leads to disruptive or transformative innovation. Learning from mistakes or challenges informs new processes, develops game-changing products or services and empowers your team to achieve greater heights for long-term business success. - Renée T. Walker, RENEE WALKER & ASSOCIATES
9. Start Asking Questions to Expand Choices
Change the conversation. When faced with uncertainty, shift from seeking answers to asking questions. To move from constraints to choices, the three questions to ask include: 1. What's good about this?; 2. What else could this be?; 3. What would this look like if it were easier? - Karen Mangia, Salesforce
10. Make Adaptable Plans
We define adversity in relation to our plans. Because we can't plan for everything, our strategy should also include room for change, adaptation and improvisation. Even if you're facing adversity, innovation appears when your strategy allows you to ask questions instead of turning to the same old answers. - Jacob Mathison, Mathison Projects Inc.
11. Develop A Better Understanding of Different Perspectives
Use adversity as your friend to more deeply connect and truly understand opposing perspectives. Often, a breakthrough idea is buried in the root of adversity, and it just needs a little attention and coaxing to surface and materialize. Addressing the source of the adversity will also help channel the collective energy in a more positive direction. - Margie Kiesel, Avaneer Health
12. Prioritize Working on Your Business
When adversity arises, successful entrepreneurs understand the importance of taking time out of your day to work on your business. If you are dealing with a major problem, leave your business if you can and take one or two of your trusted employees. Go somewhere like a library, coffee shop or another place where you won't be interrupted to discuss the problem and come up with a solution by listing out pros and cons. - Brian Beck, WMGNA, LLC
13. Be Open to Failure
It is a cliche these days, but "fail fast." Develop a minimally viable product or service (MVP). Put it out there and put all the focus on learning from customers. Adapt and prioritize based on qualifiable and quantifiable feedback. Those who can rapidly adapt by laser focusing can dramatically change their trajectory. - Matt Domo, FifthVantage
The CAT test is one of the most challenging exams out there, and for those looking to join top business schools in India, it's an absolute must. But conquering the CAT can seem like a daunting task - luckily, this article provides you with the tools you need to ace this high-stakes test! Get ready to explore our section-wise study guide and tips for success as we prepare ourselves for the upcoming CAT test 2023.
Introduction to the CAT test and What to Expect
The CAT test is a computer-based test that assesses a candidate's ability to think critically and solve problems. The test consists of three parts: verbal, quantitative, and analytical. Each section contains a variety of question types, ranging from multiple-choice to essay.
Candidates are given 2 hours to complete the exam. It is important to note that the CAT test is not a pass/fail test; instead, it is meant to provide insights into a candidate's strengths and weaknesses. The results of the CAT test are used by business schools to make admissions decisions.
CAT 2023 Exam: Section-wise Tips to Score Maximum Percentile: -
Firstly, we need to know the CAT test Pattern, Understand the Question Types & Create a Study Plan.Assuming you are a fresher, seeking admission into the Indian Institutes of Management (IIMs), here are key section-wise tips to help you prepare for the CAT test 2023:
1) Quantitative Aptitude Section of the CAT Exam
The Quantitative Aptitude section of the CAT test is one of the most important sections in the exam. This section tests your ability to solve mathematical problems and to interpret data. The questions in this section are based on arithmetic, algebra, geometry, and data interpretation. Some tricks for quantitative aptitude:
- To score well in this section, you need to have a strong understanding of basic mathematical concepts.
- You also need to be able to apply these concepts to solve complex problems.
- Furthermore, you need to be able to interpret data and draw logical conclusions from it.
2) Data Interpretation and Reasoning Section of the CAT Exam
Data Interpretation, Reasoning is one of the most important sections of the CAT exam. This section tests your ability to interpret data and make logical deductions. The questions in this section are based on charts, graphs, and tables.
You will be given a set of data and you will be required to answer questions based on that data. The questions will test your ability to understand the data, make deductions from the data, and to solve problems. Here are tips you can use:
- To do well in this section, you need to have a good understanding of basic concepts such as percentages, averages, ratios, and proportions.
- You also need to be able to understand complex concepts such as permutations and combinations.
- Practice is the key to success in this section. You should attempt as many practice questions as possible.
- In addition, you should also read books and articles on data interpretation. This will help you develop a better understanding of the concepts involved.
3) Verbal Ability Section of the CAT Exam
The Verbal Ability section of the CAT test is designed to test your ability to understand and interpret written English.
- Read a lot: This is the best way to Excellerate your understanding of written English. Read books, newspapers, magazines, online articles, etc. on a regular basis. Not only will this Excellerate your understanding of the language, but it will also help increase your vocabulary.
- Practice practicing comprehension passages: In order to do well in the RC section of the CAT test 2023, you need to be able to understand long and complex passages quickly. To help with this, make sure to practice practicing comprehension passages on a regular basis. You can find practice passages online or in textbooks specifically designed for CAT preparation.
Mock Tests & Practice Questions
Recommended Links:
For CAT 15 Mock Test sample Papers for the 2023 test – Click Here
For Best CAT test Books for 2023 test Preparation – Click Here
For CAT test Previous 25 Years Question Paper with Solutions For the 2023 test – Click Here
For CAT Syllabus for the 2023 test – Click Here
In order to decode the test pattern for CAT 2023 Exam, it’s required to undertake practice with as many CAT Mock Test sample Paper as possible. This will not only help you get familiar with the test format, but also allow you to identify your strengths and weaknesses.
You may opt for CAT Mock Test sample Papers of some renowned publishers such as Oswaal Books, that have exam-ready toolkit such tips, short-tricks, quick revision notes, mind-maps that helps to score maximum percentile. This book is also useful for SNAP, NMAT & XAT Exams.
However, it is important to be careful when using these resources, as some of them may not be of high quality.
Once you have access to the CAT Mock Test sample Paper for the 2023 Exam, it is time to start studying! Begin by looking at the question types that will be on the exam, and then focus on practicing those types of questions. If you can find some sample exams, even better - this will help you get an idea of what to expect on test day.
With enough practice, you will be able to confidently walk into the CAT test feeling prepared and ready to conquer it!
Conclusion
The CAT test is a formidable challenge, but with the right preparation and dedication, it can be conquered. By following our section-wise study guide and tips for success you should have all the confidence and knowledge necessary to succeed in this exam. With enough practice and hard work, you will be able to ace your CAT test 2023! So, start working on it today! Good luck!
Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.
With so many financial products and services on the market today it can become difficult to determine what's beneficial and what's not. This is particularly true for life insurance, which comes in different types, coverage amounts and lengths.
Term life insurance policies, which provide coverage for a set period only, are usually cheaper to obtain. Whole life insurance policies, meanwhile, provide protection (and an attractive cash reserve) for the duration of the policyholder's life. But they're also more expensive.
One type of life insurance that may appeal to both young and old alike is no-exam life insurance. This type of insurance is exactly what its name suggests: No medical exam is required to secure a policy. But there's much more to this insurance than just its name. There are multiple benefits to know about.
If you're in the market for life insurance then start by getting a free price quote so you know exactly what to expect.
3 benefits of no-exam life insurance
While this insurance type has multiple advantages, here are three of the most important ones to know.
No medical test is required
The most obvious benefit of this kind of insurance is arguably also its most significant. Simply put: You won't have to take a medical test to get approved for coverage. Since many providers actually do require a medical test and the corresponding blood, urine and blood pressure tests, this can be an attractive alternative to getting protection.
Perhaps you're young and healthy and just want to expedite the approval process as much as possible. Then skipping the medical test can help secure a plan much quicker than if you had to schedule a visit with a medical provider first. Similarly, if you're an older adult and are concerned about what a medical test will reveal, you can elect to choose this insurance type and not worry about potentially negative test results.
Either way, by going this route you can skip the test and move one step closer to getting insured. You can get a free price estimate now.
It covers a wide range of applicants
As mentioned above, whether you're young, old or somewhere in between, a no-exam life insurance policy will cover you. This is especially helpful for those applicants who smoke or have a history of smoking. It's also generally good for those with pre-existing medical conditions that may have otherwise limited their ability to get a policy. And if you have a high-risk occupation, which may have disqualified you from coverage with another type of policy, you'll be covered with a no-exam policy.
It's guaranteed
If the life insurance company won't reject you due to the lack of a medical test and is willing to cover you regardless of your pre-existing conditions or history of smoking then the coverage is essentially guaranteed, no matter what box you check on your application.
Applying for life insurance, particularly for those people who fall into one or more of the above categories, can be a stressful process. You don't know if you will even qualify, let alone for how much or for how long. And if you don't get disqualified you'll have to start an application anew with another servicer.
Fortunately, no-exam life insurance eliminates all of this stress and work because coverage is guaranteed.
The bottom line
Everyone's personal circumstances are different. Accordingly, what type of life insurance policy works for one person may not work as well for another and vice versa. But no-exam life insurance takes a lot of the stress out of the equation by providing protection without a medical test for a wide range of applicants. And it's guaranteed!
So get started with a free price quote to see what you could qualify for now.
