Insurance Sales Questions And Answers

21⟩ Explain what is the different type of Life Insurance?

There are two type of life insurance

☛ Term Life Insurance :

Term life Insurance is a type of life Insurance, which provides coverage for fixed rate of premium for a limited period of time. Term Insurance can cover you for the term of one or two years.

☛ Permanent Life Insurance:

Permanent Life Insurance coversan individual for the whole life; people take permanent life insurance about 25-30 years normally. The premiums are slightly higher than Term Life Insurance.

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22⟩ Basic Insurance Sales Agent Interview Questions

☛ Why did you choose this particular vocation?

☛ Why did you think you might like to work for our company?

☛ What do you know about our company?

☛ What qualifications do you have that make you feel that you will be successful in your field?

☛ What do you think determines a person's progress in a good company?

☛ Can you get recommendations from previous employers?

☛ What contributions to profits have you made in your present or former position to justify your salary level there?

☛ Can you take instructions without feeling upset?

☛ What is your major weakness?

☛ Are you willing to relocate?

☛ How do you spend your spare time? What are your hobbies?

☛ What type of books do you read? How many books per year?

☛ Have you saved any money? Do you have any debts?

☛ What job in our company do you want to work toward?

☛ What jobs have you enjoyed the most? The least? Why?

☛ What are your own special abilities?

☛ What types of people seem to rub you the wrong way?

☛ Define cooperation.

☛ Do you like regular hours?

☛ What have you done which shows initiative and willingness to work?

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23⟩ Explain in what all Instances you cannot claim your Personal Accident Insurance?

☛ If your injuries are a result of sickness or disease

☛ If your injuries are self-inflicted or attempt to suicide

☛ Stress fractures, sprains and strains

☛ Injury occurred while committing crime

☛ Deliberately cause an car accident

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24⟩ Tell me have you done this kind of work before?

The interviewer wants to know if you can learn to do the job in a reasonable time and how much training you will need. Never say "no" to this question. Instead, stress the experience you do have that will assist you in learning the new job quickly and efficiently. No two jobs are alike and you never do exactly the same work. In all jobs, new skills, rules and details have to be learned. Be sure to mention the following:

☛ Your past work experience.

☛ Your education and training related to the job.

☛ Volunteer work that might relate to the job.

☛ Any transferable skills - e.g. organizational skills, people skills.

☛ Your ability to learn quickly and how quickly you learned that type of work in the past.

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25⟩ Tell us, does beneficiary have to pay tax on the proceeding of life insurance policy?

Generally, the benefits on the life insurance policy are tax free and the beneficiary is not liable to pay any tax after the death of the policy holder. But if you are changing your beneficiary for monetary gain or other purposes then the beneficiary has to pay tax on it.

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26⟩ Explain what is 'gap insurance'?

'GAP insurance' is also known as Guaranteed Auto Protection. It covers the difference between the actual cash value of the vehicle and the balance still owed on financing like loan. GAP insurance amount is generally paid up front.

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27⟩ Explain what is a 'PLPD' insurance stand for?

PLPD stands for 'personal liability and property damage'. Personal liability covers when an individual cause injury to others in an accident while property damage is done when any property get damaged. In both, the injured party or third party will claim for insurance money from the insurance company of the offender.

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28⟩ Explain what is the difference between the 'single limit liability' coverage and 'split liability coverage'?

'Single limit liability coverage' covers asingle person for bodily injury and property damage, for instance, in case of accident only single person will be covered no matter how many persons were injured. While, in 'split liability coverage'each person is covered separately.

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29⟩ Tell me can beneficiary claim the policy if the insured person is missing or disappeared for several years?

It is possible to claim, if the beneficiary has court declaration that says that the insured person is missing or legally dead (disappeared for more than 7 years).

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30⟩ Explain what in case if my house completely damagein, fire or flood,and if I stay in a rented house, will insurance company bear all my additional living expenses?

If your policy has Additional Living Expenses coverage, then sure the insurance company will pay you additional expense that you require, to maintain your normal standard of living.

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31⟩ Do you know what is Paid Value?

The paid value is something, when the insured stops paying the premium but do not withdraw the amount. The sum assured by the insurance company is reduced proportionally depending when insured has stopped paying the premium. You will get the amount at the end of the term.

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32⟩ Negative Factors Evaluation based Insurance Sales Agent Interview Questions

During the course of the interview, the employer will be evaluating your negative factors as well as your positive factors. Listed below are negative factors frequently evaluated during the course of the interview and those which most often lead to the rejection of the candidate.

☛ Poor personal appearance.

☛ Overbearing--overaggressive--conceited "superiority complex"--"know-it -all".

☛ Inability to express thoughts clearly--poor poise, diction, or grammar.

☛ Lack of planning for career--no purpose or goals.

☛ Lack of interest and enthusiasm--passive and indifferent.

☛ Lack of confidence and poise--nervousness.

☛ Overemphasis on money--interested only in the best dollar offer.

☛ Evasive--makes excuses for unfavorable factors in record.

☛ Lack of tack--maturity--courtesy.

☛ Condemnation of past employers.

☛ Important! - 11. Failure to look employer in the eye.

☛ Limp, fishy handshake.

☛ Lack of appreciation of the value of experience.

☛ Failure to ask questions about the job.

☛ Persistent attitude of "What can you do for me?"

☛ Lack of preparation for the interview--failure to get information about the company resulting in inability to ask intelligent questions.

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33⟩ Explain what do you mean by 'insurance coverage'?

The term 'insurance coverage' means, when an individual takes an insurance policy the insured will be covered by insurance company for a specific amount for themselves or the things that he had taken the insurance policy, for which he would be paying premiums to the insurance company. The insurance company will pay the insured in case of damage or claims made by the insured according to their 'insurance coverage'.

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34⟩ Tell me what do you feel are your greatest strengths?

This is your opportunity to brag a little bit. It is important that you have done your research about the type of work that you are applying for. For example if you are applying as a production labourer and from your research you understand that this type of work required people that have the ability to meet quotas, work as a team and make improvement suggestions, then it is important for you to incorporate this into your strengths.

My greatest strength is that I have a lot of initiative. I am always looking for a better way to do things at work that I feel would save the company money and I can always achieve my production quotas. For example one time I was working at my station and I felt that I was wasting time by always having to walk to the other side of my station to get some parts. So I reorganized the station and my supervisor was really impressed as it increased my quota.

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35⟩ Tell me do you have any other skills of experiences that we have not discussed?

List any other skills that you have that are related to the position. You can also discuss any hobbies or volunteer experience you have and discuss any interest courses or educational upgrading you have.

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36⟩ Tell me what five words would be describe you?

These should be your transferrable skills such as reliable, punctual, organized,friendly, honest, cooperative, outgoing, easy to get along with, hardworking,energetic, take pride in my work, responsible, respected,dedicated.

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37⟩ Tell me what kind of machines or equipment have you worked with?

This is your opportunity to give some detail of what actual work skills you have. Don't be vague, supply all of the information that you have to offer.

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38⟩ Tell me why did you choose this line of work as Insurance Sales?

The interviewer is trying to find out about your commitment to your career choice. In other words do you do it because you love the work or just take any job you can get for the money. If you did this work for many years and stopped due to a layoff,you might say:

☛ I have done this for (number) of years. I like my work. The only reason I left my last workplace was because I was laid off.

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39⟩ Sample Insurance Sales Agent Interview Questions

☛ What are the most important personality traits of an effective insurance agent?

☛ Who are this agency's top 3 competitors?

☛ Why were you initially interested in the insurance industry?

☛ How do you keep your energy level up on days when you hear more "no's" than "yes's"?

☛ Have you thought about pursuing the CFP designation?

☛ We must change from being producers to marketers if we are to be successful. What do you think of that statement?

☛ Pretend to sell me yourself as the product and tell me what the benefits are.

☛ How do you convince prospects that they need to make a change (in insurers)?

☛ Tell me about a time when you converted a "no" to a "yes."

☛ How do you cope with rejection on a daily basis?

☛ Have you ever sent a prospect a written communication that contained a spelling or grammatical error?

☛ What are some ways you build trust with clients?

☛ How do you differentiate yourself from your peers?

☛ How do you personalize the process of buying insurance for each client?

☛ Do you belong to any insurance agent associations?

☛ What would you tell a customer who said they could buy your product from another agency at a cheaper rate?

☛ Do you have experience using a Customer Relationship Management program?

☛ What are key elements of an effective content marketing strategy?

☛ How do you show the customer that they are valued and important?

☛ Tell me some ways you have tried expanding beyond your natural market.

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40⟩ Explain how often were you absent from work in your last job? Have you every had any serious illness or injuries? Do you have any health problems?

The interviewer is trying to find out if you have any health issues which will cause you to take a lot of sick days. You do not have to go into your health history for the interviewer. If you have health problems that do not interfere with your work performance, do not give the interviewer details about them. If you had a previous health problem that interfered with your work in the past, but is no longer a problem, do not volunteer this information. It no longer affects your work, therefore the employer does not have to know.

If you have a health problem that will affect your work performance, explain your situation briefly and stress the positive points. I will be helpful to have a positive reference letter from your previous employer. This letter should explain the type of duties you did and stress that you are a steady worker who is responsible, hardworking and punctual.

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82 Insurance Sales Questions And Answers

21⟩ Explain what is the different type of Life Insurance?

22⟩ Basic Insurance Sales Agent Interview Questions

23⟩ Explain in what all Instances you cannot claim your Personal Accident Insurance?

24⟩ Tell me have you done this kind of work before?

25⟩ Tell us, does beneficiary have to pay tax on the proceeding of life insurance policy?

26⟩ Explain what is 'gap insurance'?

27⟩ Explain what is a 'PLPD' insurance stand for?

28⟩ Explain what is the difference between the 'single limit liability' coverage and 'split liability coverage'?

29⟩ Tell me can beneficiary claim the policy if the insured person is missing or disappeared for several years?

30⟩ Explain what in case if my house completely damagein, fire or flood,and if I stay in a rented house, will insurance company bear all my additional living expenses?

31⟩ Do you know what is Paid Value?

32⟩ Negative Factors Evaluation based Insurance Sales Agent Interview Questions

33⟩ Explain what do you mean by 'insurance coverage'?

34⟩ Tell me what do you feel are your greatest strengths?

35⟩ Tell me do you have any other skills of experiences that we have not discussed?

36⟩ Tell me what five words would be describe you?

37⟩ Tell me what kind of machines or equipment have you worked with?

38⟩ Tell me why did you choose this line of work as Insurance Sales?

39⟩ Sample Insurance Sales Agent Interview Questions

40⟩ Explain how often were you absent from work in your last job? Have you every had any serious illness or injuries? Do you have any health problems?

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Insurance Sales

Home Insurance Insurance Sales

82 Insurance Sales Questions And Answers

21⟩ Explain what is the different type of Life Insurance?

22⟩ Basic Insurance Sales Agent Interview Questions

23⟩ Explain in what all Instances you cannot claim your Personal Accident Insurance?

24⟩ Tell me have you done this kind of work before?

25⟩ Tell us, does beneficiary have to pay tax on the proceeding of life insurance policy?

26⟩ Explain what is 'gap insurance'?

27⟩ Explain what is a 'PLPD' insurance stand for?

28⟩ Explain what is the difference between the 'single limit liability' coverage and 'split liability coverage'?

29⟩ Tell me can beneficiary claim the policy if the insured person is missing or disappeared for several years?

30⟩ Explain what in case if my house completely damagein, fire or flood,and if I stay in a rented house, will insurance company bear all my additional living expenses?

31⟩ Do you know what is Paid Value?

32⟩ Negative Factors Evaluation based Insurance Sales Agent Interview Questions

33⟩ Explain what do you mean by 'insurance coverage'?

34⟩ Tell me what do you feel are your greatest strengths?

35⟩ Tell me do you have any other skills of experiences that we have not discussed?

36⟩ Tell me what five words would be describe you?

37⟩ Tell me what kind of machines or equipment have you worked with?

38⟩ Tell me why did you choose this line of work as Insurance Sales?

39⟩ Sample Insurance Sales Agent Interview Questions

40⟩ Explain how often were you absent from work in your last job? Have you every had any serious illness or injuries? Do you have any health problems?

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