Preview Questions Insurance Advisor | Role Specific Skill

Question 1: When dealing with a client who frequently changes insurance providers, what approach should the advisor take to build a stable relationship?

Which action should you take?

Choose only one option

Neglect the client's concerns and offer the cheapest options

Focus on the client's long-term goals and emphasize the value of loyalty

Offer multiple options and allow the client to make a quick decision

Emphasize the drawbacks of switching providers

Question 2: How is the premium for a term life insurance policy typically determined?

Which action should you take?

Choose only one option

Based on the policyholder's age, health, and coverage amount

Based solely on the sum assured amount

Based on the duration of coverage and the type of rider attached

Based on the market performance of the insurer's investments

Question 3: How can an insurance advisor foster long-term relationships with clients after the initial sale?

Which action should you take?

Choose only one option

By staying in regular contact, offering ongoing advice, and helping with claims when necessary

By offering the same product every time without any updates or improvements

By providing only minimal communication after the sale

By contacting clients only at renewal times

Question 4: Which of the following is considered a serious breach of insurance regulatory compliance?

Which action should you take?

Choose only one option

Offering multiple policy options to the client

Providing clear explanations of terms to clients

Failing to disclose commissions and incentives

Disclosing policy terms and charges before policy purchase

Question 5: What is the main difference between term life insurance and whole life insurance?

Which action should you take?

Choose only one option

Whole life insurance has higher premiums than term life insurance

All of the above

Term life insurance covers you for a fixed period, while whole life insurance provides coverage for life

Term life insurance has no cash value, whereas whole life does

Question 6: For a client interested in both life insurance and investment growth, which policy type should an advisor recommend?

Which action should you take?

Choose only one option

Whole life insurance with a high death benefit

Universal life insurance with flexible premium and cash value growth

Term life insurance with a rider for investments

Variable life insurance with variable investment options