Preview Questions Insurance Advisor | Role Specific Skill

Question 1: Family floater health insurance policies are typically used for which scenario?

Which action should you take?

Choose only one option

When a policyholder wants a combination of life and health coverage

When one individual needs comprehensive health coverage

When only accidental coverage is needed for a family

When multiple family members need coverage under a single policy

Question 2: How does a whole life insurance policy build cash value?

Which action should you take?

Choose only one option

The policy accumulates no value unless the policyholder dies

The policyholder's interest payments contribute to the cash value

The policy's premiums are partly invested to accumulate interest over time

The insurance company invests in stocks to build value

Question 3: How should an insurance advisor prioritize the financial goals of a client during a needs analysis?

Which action should you take?

Choose only one option

By recommending the highest possible coverage amount

By balancing short-term and long-term objectives

By focusing only on immediate needs

By prioritizing savings over insurance protection

Question 4: For a long-term institutional client requesting innovative solutions beyond standard policies, how can the advisor strengthen the relationship by aligning insurance products with the client's strategic objectives?

Which action should you take?

Choose only one option

Offering only standardized policies and dismissing requests for innovation

Ignoring client strategy and focusing on short-term sales

Initiating a strategic review, consulting with underwriters on bespoke solutions, presenting integrated proposals linking risk mitigation to the client's long-term goals

Providing ad-hoc changes without a strategic framework

Question 5: What is the role of data protection laws (such as GDPR) in insurance advising?

Which action should you take?

Choose only one option

To avoid recording any sensitive personal data from clients

To allow advisors to freely share data across platforms for marketing

To focus on the long-term financial products without concern for data privacy

To ensure that clients' personal information is kept confidential and protected from unauthorized use

Question 6: How can an Insurance Advisor use referrals effectively as part of the sales process?

Which action should you take?

Choose only one option

By asking satisfied clients for specific referrals

By offering gifts or monetary incentives for referrals

By cold-calling previous clients and pitching new policies

By sending cold emails to a broad list of potential clients