Preview Questions Insurance Advisor | Role Specific Skill

Question 1: In building long-term relationships with clients, what role does honesty play?

Which action should you take?

Choose only one option

It ensures you are always in control of the conversation

It prevents clients from asking questions about policy details

It builds trust, making clients more likely to refer you and stay loyal

It ensures clients only purchase policies with the highest returns

Question 2: When recommending a health insurance plan to a client with pre-existing medical conditions, what is the most crucial consideration?

Which action should you take?

Choose only one option

Select a policy that provides higher coverage limits but has a high premium

Offer a low-cost plan with reduced coverage and minimal exclusions

Look for policies with waiting periods waived for specific conditions or with extended coverage

Choose a policy with no exclusions for pre-existing conditions

Question 3: How should an insurance advisor ensure compliance with AML (Anti-Money Laundering) regulations during client onboarding?

Which action should you take?

Choose only one option

Avoid documenting client information to prevent errors

Focus only on selling high-premium policies

Recommend only government bonds to clients

Verify the client's source of funds and ensure no suspicious activity in their financial history

Question 4: How can an insurance advisor effectively build trust with a first-time insurance buyer?

Which action should you take?

Choose only one option

By pushing for the highest coverage amount

By offering immediate discounts

By educating the client about the benefits of the policy

By providing low-cost options to attract the client

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: In advising a corporate client on a group life and disability package, which advanced sales tactic ensures alignment with their risk management goals and cost-containment strategies over a multi-year horizon?

Which action should you take?

Choose only one option

Presenting a multi-year strategic benefits roadmap, including experience-rated underwriting, wellness incentives, and alternative funding arrangements

Proposing only the cheapest option without explaining long-term cost volatility

Offering only annual renewals without multi-year projections

Selling a standard off-the-shelf group policy without customization