Torch Financial

Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. – Thomas A. Edison

Insurance advisors utilize their knowledge of insurance policies and companies to evaluate, recommend, and sell plans to customers or businesses based on their needs. This job involves communicating with customers to assess their current situation, researching products to match the customer’s needs, processing paperwork, and ensuring existing customer information is up to date. This job is well suited to people who have a background in sales, have strong customer service skills, are analytical, and have basic computer skills.

INSURANCE ADVISOR DUTIES AND RESPONSIBILITIES

Assess Customer Needs

Insurance advisors routinely speak to customers to assess their needs and explain insurance policies. This helps advisors customize plans to suit a client’s requirements.

Process Policy Paperwork

Once an insurance policy has been accepted by an individual or a business, insurance advisors process the paperwork on their behalf to calculate premiums, enroll the customer onto the plan, and send out any contracts.

Utilize Marketing to Generate More Business

Insurance advisors benefit from referrals, newsletters, phone calls, and other forms of marketing that help generate more customers and increase conversion opportunities.

Contact Existing Customers

Insurance advisors contact existing policy holders to check that information is up to date and to verify policy renewal if it’s expiring. They may need to resell the product if the customer is not interested in renewing it by reinforcing the benefits and persuading the customer to purchase the insurance plan again.

INSURANCE ADVISOR SKILLS AND QUALIFICATIONS

Insurance advisors are excellent verbal communicators with strong selling techniques and experience. They’re able to quickly assess a customer’s needs in order to provide them the right product or service.

Laws and regulation knowledge – this job requires a good knowledge of policies, regulations, and laws, so insurance advisors need to stay up to date with any changes to these areas

Communication skills – insurance advisors talk to clients every day, so they need strong verbal communication skills to assess what they’re looking for and to explain complex insurance concepts simply

Analytical mindset – insurance advisors quickly assess a client’s needs and find a product that meets their specifications, so applicants for this job need good analytical skills

Customer service – because they spend so much time working with customers and clients, insurance advisors need great customer service skills and the ability to sell products in a professional and persuasive way

Interpersonal skills – a main aspect of this job is making customers feel comfortable, so interpersonal skills are vital to establish trust and professionally respond to any questions or concerns that may arise

INSURANCE ADVISOR REQUIREMENTS

1. Attend the Career Orientation Program. Program is free.

2. Process Contract with Manulife Philippines. Contracting Kit is Php 450. Other requirements is Php 367(Occupational Permit Php 157 + Notarial Fee Php 150 + Doc Stamps Php 60).

3. Take the Insurance Commission Licensure Exam for Variable Life. Exam Fee is Php 1,010.

4. Take the Insurance Commission Licensure Exam for Traditional Life. Exam Fee is Php 1,010.

5. Attend the Jumpstart Program, a 4-day training at the nearest Manulife Branch. Training cost, inclusive of lunch and snacks, is free.

Total Contracting and License Fees: Php 2,837