Death Benefits Clerk

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“Death Benefits Clerk Frequently Asked Questions in various Death Benefits Clerk job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview”



60 Death Benefits Clerk Questions And Answers

22⟩ Explain me what is General Insurance policy? What does it cover?

General Insurance is basically an insurance policy that protects you from losses and damages other than covered by life insurance. For example it covers

a) Personal property such as car or house

b) Accident and health Insurance

c) Liability Insurance – legal Liabilities

d) Property against natural calamities like flood, fire, earthquake etc.

e) Burglary and theft

f) Coverage on transport vehicles carrying goods like Cargo Ship

g) Coverage against machinery breakdown

h) Travel

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23⟩ Please explain what is Co-insurance?

Co-insurance term is usually referred to health insurance companies. In this type of policy, you share the coverage with, the insurance company in percentage of the policy value, after paying deductible or co-payment. It is the split of insurance coverage between you and insurance company; usually the split would be 80/20 % where you are liable to pay 20% and the remaining amount by the insurance company. For example, for health policy you have claimed for $200, according to policy clause you have to pay deductible, let say $100, now after paying deductible the remaining amount is $100, now you have a co-insurance which is split into 80/20%. So you will pay $20 out of $100 from your pocket while the $80 will be paid by co-insurance(meaning the insurance company).

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24⟩ Do you know how will the academic program and coursework you’ve taken benefit your career?

As you will note on my resume, I’ve taken not only the required core classes for the finance field, I’ve also gone above and beyond by double majoring in accounting. I doubled majored since I knew that the financial-consulting field requires much knowledge of portfolio analysis and understanding of the tax laws. I believe that my success in both areas of study have specifically prepared me for this career. But it’s not just taking the classes in these two areas that allows me to offer Merrill Lynch clients more. I minored in Spanish to understand the growing hispanic clientele in the Central Florida area, which as you are well aware is a growing source of revenue for the industry. If you like, I can elaborate on other aspects of my education further.

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25⟩ Please explain us is there anyone you just could not work with?

No. Well, unless you're talking about murderers, racists, rapists, thieves or other dastardly characters, you can work with anyone. Otherwise you could be flagged as someone who's picky and difficult if you say, "I can't work with anyone who's a Bronco's fan. Sorry."

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26⟩ Tell us what relevant experience do you have as Death Benefits Clerk?

Hopefully if you're applying for this position you have bags of related experience, and if that's the case you should mention it all. But if you're switching careers or trying something a little different, your experience may initially not look like it's matching up. That's when you need a little honest creativity to match the experiences required with the ones you have. People skills are people skills after all, you just need to show how customer service skills can apply to internal management positions, and so on.

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28⟩ So, tell us now a little about yourself?

I'd be very surprised if you haven't been asked this one at every interview. It's probably the most asked question because it sets the stage for the interview and it gets you talking. Be careful not to give the interviewer your life story here. You don't need to explain everything from birth to present day. Relevant facts about education, your career and your current life situation are fine.

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29⟩ Explain me how to claim the policy?

In order to claim the policy, you have to fill up the claim form and contact your financial advisor from whom you have bought the policy. You have to supplement all the required documents like original payment receipt to your insurance company. If everything is ok, you will be paid within seven days of the policy claimed.

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30⟩ Explain me what quality or attribute do you feel will most contribute to your career success?

My greatest strength is my flexibility. I have learned that work conditions change from day to day and throughout the day, as well, no matter where I have worked in the past. I also have realized that certain projects require individual attention and others involve a teamwork approach. These are just a few examples of the changes that happen in the financial-consulting field, as you are well aware. My flexibility to adapt to the demands of the job has allowed me to surpass my supervisor’s expectations.

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32⟩ Explain me is it possible to get the full payment on cancelling the new policy in free look period?

‘Free Look Period’ is a time-period where the insured can cancel their newly bought policy in a specific period of time from the date of issuing the policy without any penalties or surrender charges.

Yes, it is possible to get the full payment in free look period; you can cancel your new policy in 15 days by returning the policy to the life Insurance company after you receive all the documents related to the policy.

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34⟩ Let's talk about salary. What are you looking for as Death Benefits Clerk?

Run for cover! This is one tricky game to play in an interview. Even if you know the salary range for the job, if you answer first you're already showing all your cards. You want as much as possible, the employer wants you for as little as you're willing to take. Before you apply, take a look at salary.com for a good idea of what someone with your specific experience should be paid. You may want to say, "well, that's something I've thought long and hard about and I think someone with my experience should get between X & Y." Or, you could be sly and say, "right now, I'm more interested in talking more about what the position can offer my career." That could at least buy you a little time to scope out the situation. But if you do have a specific figure in mind and you are confident that you can get it, I'd say go for it. I have on many occasions, and every time I got very close to that figure (both below and sometimes above).

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35⟩ Tell us what personal weakness has caused you the greatest difficulty in school or on the job?

My greatest weakness used to be delegation. To improve my workers’ efficiency, I would take it upon myself to do many small projects throughout my shift as a manager that could have been done by others. Once I realized that I was doing more work than the other assistant managers, and they were achieving better results, I reevaluated what I was doing. I quickly realized that if I assigned each person just one small project at the beginning of the shift, clearly state expectations for the project, and then follow up, everything would get done, and I could manage much more efficiently and actually accomplish much more.

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39⟩ Explain me what are a few things that really drive results for the company?

Employees are investments, and every employee should generate a positive return on his or her salary. (Otherwise, why are they on the payroll?)

In every job, some activities make a bigger difference than others. You need your HR folks to fill job openings, but what you really want is for HR to find the right candidates, because that results in higher retention rates, lower training costs, and better overall productivity.

You need your service techs to perform effective repairs, but what you really want is for those techs to identify ways to solve problems and provide other benefits--in short, to generate additional sales.

Great candidates want to know what truly makes a difference. They know helping the company succeed means they succeed as well.

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40⟩ Tell us what are the common attributes of your top performers?

Great candidates also want to be great long-term employees. Every organization is different, and so are the key qualities of top performers in those organizations.

Maybe your top performers work longer hours. Maybe creativity is more important than methodology. Maybe constantly landing new customers in new markets is more important than building long-term customer relationships. Maybe it's a willingness to spend the same amount of time educating an entry-level customer as helping an enthusiast who wants high-end equipment.

Great candidates want to know, because

1) they want to know if they fit, and

2) if they do fit, they want to be a top performer.

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