Preview Questions Insurance Advisor | Role Specific Skill

Question 1: Which of the following factors should be considered when recommending a unit-linked insurance plan (ULIP) for a high-net-worth individual?

Which action should you take?

Choose only one option

Solely the client's income and tax status

Risk tolerance and premium payment frequency

Risk tolerance, investment horizon, and tax implications

Type of coverage and claim settlement history

Question 2: Which of the following best describes the advantage of a guaranteed universal life insurance policy?

Which action should you take?

Choose only one option

It offers both permanent and term coverage

It provides a guaranteed death benefit with level premiums

It allows for the investment of premiums

It provides a flexible death benefit

Question 3: How can an advisor help a client who is concerned about unexpected medical expenses during retirement?

Which action should you take?

Choose only one option

Suggest a long-term care insurance policy with inflation protection

Recommend critical illness insurance for future needs

Propose a universal life policy to cover medical costs

Offer a term life policy with a rider for medical coverage

Question 4: Which of the following is the most accurate method for assessing the risk associated with insuring a high-net-worth individual?

Which action should you take?

Choose only one option

Estimating the individual's age and income

Analyzing their full financial portfolio, liabilities, and potential risks

Using a one-size-fits-all approach based on market data

Relying solely on their previous claims history

Question 5: For an executive client relocating overseas with complex insurance needs across jurisdictions, which relationship strategy ensures continuity of service and compliance despite multiple regulatory environments?

Which action should you take?

Choose only one option

Offering only local policies without considering international compliance

Coordinating with international insurance partners, providing a tailored briefing on cross-border requirements, and guiding the client through compliant coverage structures

Telling the client to handle foreign policy issues themselves

Relying on outdated assumptions about foreign markets

Question 6: What is an effective way for an insurance advisor to tailor communication based on the client's preferred channel?

Which action should you take?

Choose only one option

By ignoring the client's communication preferences and using a standardized approach

By focusing exclusively on in-person meetings

By identifying the client's preferred mode of communication and adjusting accordingly

By only communicating via email, as it is the most efficient method