Preview Questions Insurance Advisor | Role Specific Skill

Question 1: What is the primary factor in recommending a universal life insurance policy over a whole life insurance policy?

Which action should you take?

Choose only one option

The guaranteed fixed premiums of a whole life policy

The predictability of returns in a universal life policy

The cash value growth of a whole life policy

The flexibility in premium payments and death benefit adjustments based on the client's financial situation

Question 2: When performing a customer needs analysis for life insurance, which of the following is the most critical factor in determining the coverage amount?

Which action should you take?

Choose only one option

The customer's health condition

The customer's income level

The customer's family size and dependents

The customer's age

Question 3: What is covered under a Comprehensive Car Insurance Policy?

Which action should you take?

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Only own vehicle damage

Only third-party liability

Both third-party liability and own damage

Only accidental death

Question 4: When recommending a policy for a client in their 30s looking to secure financial protection for their family, what is the most appropriate product?

Which action should you take?

Choose only one option

A whole life policy with minimal coverage

A universal life insurance policy with a high cash value

A term life insurance policy with a suitable coverage amount based on income and dependents

A short-term disability policy with limited coverage

Question 5: When assessing earthquake risk for a multinational insurer's property portfolio, what advanced modeling technique provides insight into cross-border risk aggregation and the tail of loss distributions under severe seismic events?

Which action should you take?

Choose only one option

Employing probabilistic earthquake models (e.g., OpenQuake, commercial CAT models) that simulate ground shaking intensity, building vulnerability, and correlation across regions

Relying on a simple deterministic event scenario with no tail modeling

Only considering small earthquakes historically occurred nearby

Using average ground motion from a single reference region

Question 6: In a money-back policy, the insured person receives periodic payouts. What is the core feature of this product?

Which action should you take?

Choose only one option

The policyholder receives a percentage of the sum assured at regular intervals during the policy term

The premium amount is returned after the term ends

It offers coverage only for accidental death

The death benefit is paid out immediately upon the policyholder's death