Preview Questions Insurance Advisor | Role Specific Skill

Question 1: When assessing a client's long-term care needs, what is the first step an advisor should take?

Which action should you take?

Choose only one option

Estimate the expected duration of the client's care needs

Assess the client's retirement savings

Look at the client's current insurance policies

Evaluate the client's health and family medical history

Question 2: How can relationship-building efforts differ when dealing with millennials versus older clients in the insurance industry?

Which action should you take?

Choose only one option

Millennials prefer face-to-face interactions, while older clients prefer digital communication

Both groups require the same approach as their needs are identical

Millennials are more focused on low-cost solutions, while older clients prioritize security and legacy planning

Older clients are primarily focused on investment, while millennials prioritize lifestyle insurance

Question 3: In risk assessment for life insurance, why is the ?claim frequency? important for setting premiums?

Which action should you take?

Choose only one option

It helps assess the likelihood of a claim being made, which directly impacts the premium rate

It evaluates the policyholder's current health status

It identifies the insurance company's marketing strategy

It determines the total sum of death benefits paid out

Question 4: When recommending a policy to a senior citizen with no dependents, which of the following is most appropriate?

Which action should you take?

Choose only one option

Final expense insurance with low premiums

Guaranteed issue life insurance

Term life insurance with extended coverage

Whole life insurance with cash value

Question 5: What is the first step in assessing a client's risk tolerance when recommending insurance products?

Which action should you take?

Choose only one option

Focus on the client's occupation and personal liabilities

Analyze the client's current insurance coverage

Conduct a detailed interview to understand financial goals and concerns

Ask the client to rate their comfort level with market risk

Question 6: How should an insurance advisor tailor their communication to a client who is not familiar with insurance terms and concepts?

Which action should you take?

Choose only one option

By using technical jargon and assuming the client will learn quickly

By communicating solely via written documents without personal interaction

By simplifying complex terms and offering examples the client can relate to

By avoiding any discussion of insurance details and focusing only on sales