Preview Questions Insurance Advisor | Role Specific Skill

Question 1: What is the main advantage of a universal life insurance policy over a term life insurance policy?

Which action should you take?

Choose only one option

It offers higher death benefits

It allows policyholders to adjust the premium and death benefit over time

It has lower premiums than other types of insurance

It provides guaranteed cash value growth

Question 2: What strategy should an insurance advisor use to ensure that a client's needs are met, even after the initial sale?

Which action should you take?

Choose only one option

Frequently check in and offer additional products or upgrades

Only contact the client for policy renewals

Avoid contacting the client unless there is a problem

Make a one-time call after the sale to close the loop

Question 3: How is the sum assured typically determined in a term insurance policy?

Which action should you take?

Choose only one option

Based on asset value

Based on annual income

Based on insurer's discretion

Based on premium paid

Question 4: What is the primary benefit of a rider attached to a life insurance policy?

Which action should you take?

Choose only one option

It provides additional coverage or benefits beyond the base policy

It extends the policy's duration

It increases the death benefit of the policy

It reduces the premium for the policy

Question 5: How do you prioritize your sales pipeline when dealing with multiple clients at various stages of the sales process?

Which action should you take?

Choose only one option

Target clients who have been in the pipeline the longest

Focus on closing deals with clients who show immediate interest

Work with clients who seem most likely to purchase

Follow up with all clients equally, no matter the stage

Question 6: How can an insurance advisor build rapport with clients who are reluctant to disclose personal information?

Which action should you take?

Choose only one option

Avoid asking sensitive questions

Offer multiple discounts to entice them

Be transparent about the need for information and its importance for their benefit

Focus only on selling the policy