Life Insurance Advisor Interview Questions and Answers

The 4 types of insurance are life insurance, health insurance, property insurance, and liability insurance.

• Life insurance provides financial protection to the beneficiaries of the policyholder in case of their death.

• Health insurance covers medical expenses incurred by the policyholder.

• Property insurance protects against damage or loss of property due to natural disasters, theft, or other events.

• Liability insurance covers legal expenses and damages in case the policyholder is ...read more

Claims in insurance refer to the process of requesting and receiving compensation for a covered loss or damage.

• Claims are made by policyholders to their insurance company when they experience a loss or damage that is covered by their policy.

• The insurance company will investigate the claim to determine if it is valid and covered under the policy.

• If the claim is approved, the policyholder will receive compensation for the loss or damage.

• Examples of claims include car accidents,...read more

Risk in insurance refers to the likelihood of an event occurring that will result in a loss for the insured party.

• Risk is the possibility of loss or damage to the insured party or their property.

• Insurance companies assess risk and charge premiums based on the level of risk involved.

• Examples of risk in insurance include car accidents, natural disasters, and illness or injury.

• Risk can be mitigated through preventative measures and insurance coverage.

ITW stands for 'In The Money', a term used in finance to describe an option that has intrinsic value.

• ITW is commonly used in options trading to indicate that the option has a positive intrinsic value.

• An option is considered ITM if the current market price is favorable compared to the strike price.

• Investors may exercise ITM options to buy or sell the underlying asset at a profit.

• ITW can also refer to a company named Illinois Tool Works Inc., a multinational manufacturer.

I can speak English, Spanish, and French fluently.

• Fluent in English, Spanish, and French

• Can communicate effectively in all three languages

• Experience working with clients who speak these languages

• Able to provide excellent customer service in multiple languages