5 Common Life Insurance Agent Interview Questions & Answers Published On: December 06, 2010 Most people prepare responses for more general interview questions, such as talking about greatest strengths and weaknesses. While that is certainly something to think about, you also need to be ready to respond to questions that have a more direct correlation to the job you want to get. Reading over some sample life insurance agent interview questions and answers is a great training method. The following are some inquiries to ponder as you get ready for the big interview. 5 Life Insurance Agent Interview Questions & Answers 1. How do you remain positive when you get more "no" than "yes?" I...
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New approaches to life insurance policies that offer charities the prospect of a small benefit at little or no cost to them or their donors are beginning to raise eyebrows in Washington and elsewhere, the New York Times reports. In one approach, wealthy, elderly donors allow insurance companies, hedge funds, and other investors to insure their lives in exchange for a promise that part of the death benefits will go to the donors' favorite charities. Investors, who hope to profit substantially, buy the insurance and pay the premiums. Caroline Rose Hunt, an eighty-one-year-old oil heiress who built a second fortune in hotels and resorts, has allowed unknown investors in four pools to insure...
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Because September is Life Insurance Awareness Month, we are utilizing our August Q&A to answer frequently asked insurance questions. As you recognize Life Insurance Awareness Month, consider reviewing your policies with your wealth advisor by providing them copies of existing policies, the reasons they were purchased, and who they should call in the event of your death. Finally, consider storing copies of your active policies in a secure location, such as a secure online vault and make sure that your family knows who to contact. Q: How often should I review my existing policies? A: You should review your policy anytime you have a major life event such as marriage, birth of a child, new...
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Waiting Period Policies Over 50’s Life Insurance Policy – this is the most common variant Hugely advertised on daytime TV they are typically sold to cover funeral expenses or to provide a lump sum for your family. They usually make the fact that they offer life insurance with no medical questions a big selling point. Here are some features of a typical policy: Usually a small minimum monthly cost Usually comes with a free gift If you die in the first 12 or 24 months you just get your premiums returned If you die after this waiting period you get full cover. The cover carries on for the whole of your life To give you an idea of the sort of value they provide we ran a quick quote for a...
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A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' I bought my own life insurance even though I already had coverage through my employer, and I couldn't be happier Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. The author and her husband. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and...
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Insurers are still offering life insurance cover and it’s possible to still get cover if you need it. The main difference today, compared to the time before coronavirus, is that some insurers are asking more questions when you apply for life insurance. They will want to understand if you have coronavirus or have symptoms of coronavirus. They may also want to know if you’ve recently travelled to a part of the world that is classed as high-risk for the virus. If you answer ‘no’ to these questions, you should be able to get life insurance as normal but will possibly face some delays given the business disruption caused by the pandemic. If you answer ‘yes’ to any one of these questions, the...
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If you’re planning to make 2017 the year that you finally get ‘the financial responsibility thing’ under control, you can start by getting a life insurance policy in place. A new report from life insurance research group LIMRA finds that only some 87 million households have any kind of life insurance coverage at all. That works out to be about 70% of Americans, which is great! The bad news? Another 30% of us have no coverage in place in the event of our untimely passing. A lot of people shy away from life insurance simply because they don’t understand it. Here are some common questions about life insurance and the answers you need to know to make an informed decision...
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FAQ on life cover topics Can you get more than life policy? Yes, you can apply or purchase more than one cover from various companies. There are a few restrictions, but it has more to do with the amount of protection you have intact. Term life insurance, does the premium increase with every passing year? It provides you with maximum cover at the lowest cost, and the premium is guaranteed not to increase each year. In regarding with term life insurance, what does it cover? It covers the insured person if the person dies and the amount will be paid to the beneficiary. Can you take out a life insurance plan on a person without them knowing? No, you cannot take out a policy without a person...
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2. What type of life insurance do I need? There are different types of life insurance. Depending on your situation, you might want just one – or a combination. Here are the main types and what they do: Life insurance – provides a lump sum benefit if you’re terminally ill or if you pass away. Total and Permanent Disablement (TPD) insurance – pays a lump sum if you become disabled and can no longer work. Trauma insurance – pays a lump sum if you’re diagnosed with an insured serious illness or injury. Income Protection insurance – will provide a regular monthly payment of up to 75% of your pre-disability income if you are unable to work due to illness or injury. 3. When do I need it? As you...
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Purchasing Life Insurance isn’t exactly a piece of cake. That being said, it doesn’t have to be overly complicated either. There are a lot of factors to consider when finding the right fit, there are no two ways about it. But once we’re familiar with the right questions to ask, it’s a painless process. Let’s jump right in, shall we? What do I want from my Life Insurance policy? When we’re sure what we want from our policy, it suddenly becomes a lot easier to find something that works. But what do you want? Sure, you want to protect your loved ones after you die, but we’re talking details here. Who do you want to protect? (spouse, children, parents, pets) What would you like to cover? (...
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