Insurance Advisor Job Description

Insurance Advisor Job Description, Skills, and Salary

Are you searching for an insurance advisor job description? Get to know about the duties, responsibilities, qualifications, and skills requirements of an insurance advisor. Feel free to use our insurance advisor job description template to produce your own insurance advisor job description. We also provide you with information about the salary you can earn as an insurance advisor.


Who is an Insurance Advisor?

This is an individual that provides financial advice on investment, retirement plans, and protection against risks. They provide the best advice on the best assets to get, and liabilities to let go of. Insurance advisors are also known as financial advisors. Offering financial guidance and advice that can enable their clients to live the better and easy life they have dreamed of, is the job of an insurance advisor. The financial wellness and well-being of a client are the concerns of an insurance advisor. They strive to see that future financial plans are put in place like an investment that brings returns in a long term compared to short-term investment. Insurance advisors use wealth management principles and knowledge of the insurance industry to recommend and sell financial products, such as mutual funds, annuities, stock options,  utilities, bonds, college savings plans, and insurance policies.

Insurance policies or products are sold by insurance advisors to clients or organizations in need of their services. The people who serve to bridge the gap between insurance policies and the clients or consumers, explaining the rules and regulations that bind such policies even in laymen’s terms are the insurance advisors. Insurance advisors carry out financial management duties, client sales, business management, and transactions that are said to be favorable for their clients or the insurance organizations they work for. These individuals require exceptional analytical and interpersonal skills to work with customers and meet their long-term insurance needs which we can say is their priority.


Insurance Advisor Job Description

What is an insurance advisor job description? an insurance advisor job description is simply a list of duties and responsibilities of an insurance advisor in an organization. Below are the insurance advisor job description examples you can use to develop your resume or write an insurance advisor job description for your employee. Employers can also use it to sieve out job seekers when choosing candidates for interviews.

The duties and responsibilities of an insurance advisor include the following:

  • Liaising between the insured and the insurer.
  • Generating insurance business for the organization they represent.
  • Helping their clients to buy a suitable insurance plan that is risk-free.
  • Explaining in layman’s terms complex insurance policies for their clients and organizations they represent.
  • conducting detailed surveys of what their clients or organizations insured.
  • Writing terms and conditions for the insurance policies that benefit both their clients and the insurance company.
  • Filling proposals and explaining the different parts of the proposals to aid the easy understanding of their clients.
  • Representing their clients or organizations on matters concerning their financial undertakings.
  • Providing businesses with information that can aid their compliance and agreement to every insurance administration project.
  • Working closely with underwriters and other people who assess risk to determine the best products for their clients or organization.
  • Having access to their client’s financial portfolios since their financial goals and pursuits are overseen by them.
  • Encouraging them to let go of their fears and invest in the future.
  • Understanding and implementing tax investment strategies in areas where necessary.
  • Creating customized investment plans or schemes that are aligned with policies that are seen as credible by their clients or organizations.
  • Attending the launching of their insurance products and seminars that are necessary for the unveiling of their premiums to their clients.
  • Knowing the happenings in the insurance agency or industry and evolving to fit their target market.
  • Attending seminars and training that are needed to broaden their knowledge even as insurance advisors.
  • Regularly meet with clients to discuss their financial portfolios and recommend adjustments.
  • Complying with regulations and policies that are binding to their clients or organizations.
  • Building businesses despite cold calls received for their target market and scheduling appointments, online advertising, social media networking, and direct mailings to ensure the retainment of their sustainable clients or customers.
  • Ensuring not to mislead clients because of personal gains or benefits.
  • Position their clients or organizations’ insurance policies to suit the financial needs of their target market to sell their insurance products.


  • Retaining the customers or target market of their clients even after negotiation.
  • Ensuring existing clients continue their insurance coverage without fail.
  • Overseeing their clients fill accurately their details when carrying out insurance coverage.
  • Promoting their insurance policies and company and striving to always make them known to their target market.
  • Ensuring to ease the fears of their clients and cause them to trust you.
  • Building a community of loyal customers for their clients or organizations.
  • Researching insurance opportunities and creating customized plans.
  • Ensuring to discuss how insurance premiums or coverage can be affected by age
  • Making visible the positive brand image of their clients in the eyes of their target market.
  • Ensuring to source out ways to improve their client’s or organizations’ goodwill.
  • Ensuring to be diligent and trustworthy as their clients depend on their level of expertise and financial advice to hinder a fallout on their investment.
  • Identifying the financial goals of their clients or organizations.
  • Suggesting the right insurance products that will fulfill the identified goals of their clients or organizations.
  • Creating and aiding the implementation of financial goals that are favorable to their clients and within their financial budgets.
  • Handling customers’ objections and offering them answers or solutions.
  • Keeping in touch with one’s clients even after the policies have been sold because referrals could be given by their clients.
  • Understanding insurance technicalities, claims, and policies.
  • Ensuring their clients get the total settlements of their insurance claims.
  • Building long-term relationships with their clients or organizations.
  • Ensuring to sustain the relationship between their clients and their target market for a long time.
  • Monitoring clients’ accounts to determine if changes in coverage are needed and helping clients plan for specific life-altering circumstances that can be deemed necessary.
  • Conversing with clients due to exceptional communication skills.
  • Selling insurance policies to their clients or businesses.
  • Review all current insurance coverage to determine if it needs to be changed or updated.
  • Working with clients to set up new insurance policies and make sure they are adhered to at all times.
  • Recommending appropriate insurance coverage limits based on an analysis of risk factors such as occupation, hobbies, or family composition.
  • Earning additional compensation in the form of commissions and bonuses even as tips most times from we’ll satisfied clients.
  • Familiarizing oneself with the company’s computer systems and any software they use, for efficient or effective delivery of service.
  • Finding possible a to increase one’s earning potential and that of the client or organization you work for.
  • Offering clients comprehensive insurance plans that meet their needs.
  • Traveling to meet with clients for negotiations or training and seminars.
  • Ensuring to meet up sales targets or deadlines.
  • Building their net worth even as they network and find growth opportunities.
  • Meeting with clients regularly to discuss their insurance needs and answer any questions they may have.
  • Ensuring to stay updated concerning new insurance policies and insurance news that are trendy and crucial to their clients.
  • Making insurance plans that aren’t just to give them maximum commission but that would fit into the plans of their clients.



  • Bachelor’s degree in finance, business administration, accounting,  economics, actuarial science, and insurance.
  • Understand the different insurance coverage and schemes and the specific one that is favorable to your client and organization.
  • Having strong research skills, analytical problem-solving ability, and being able to pay attention to details.
  • Getting CFP certification in areas of specialization selected can be a necessity if you need to increase your earning potential and give you a wide view of job opportunities.
  • Attending product launches and seminars for knowledge on matters concerning areas of specialization.
  • Previously working in sales or the financial industry may be required as a necessity.
  • Providing customers with information about their insurance options and explaining the benefits of each option can help them make better decisions that are worth their budget.
  • Explaining the risks of not having insurance coverage that Shields the clients from falls in the future. Explaining the importance of purchasing life insurance to protect their families from financial hardship if they were to pass away.


Essential Skills

  • Persuading and selling skills:  Persuading clients to purchase insurances they may not have considered before is not an easy thing, because for people to let go of what they call value like their money or the time they give to listen to you, they must have trusted you. The insurance advisor works with the clients to create a comprehensive insurance plan that meets the needs of their clients and works well with their budget.
  • Communication skills: This is essential because an understanding with the clients can’t be reached if effective communication doesn’t take place. The insurance advisor needs to know the area of need of the clients, and know the best insurance scheme to implement that will give out the best results that the client requires or need whether for short-term or long-term investments. They create sustainable relationships through their communication skills You need to know the words to say, when to use them, how to use them, and most especially the people you use them on, especially when you are speaking to clients that are wavering in trusting you with their money. Your words need to be convincing enough, for them to trust you.
  • Time management skills: Time management skills can help insurance advisors prioritize their work and meet their sales goals. Insurance advisors work on a commission basis, therefore, and they receive a percentage of the policies they sell, there’s the need to work more and negotiate more insurance schemes for clients, for the more completion of deals the more earnings for them.
  • Financial knowledge: Most employers require their insurance advisor to gain knowledge and certification in accounting, business, or economics because a fundamental understanding of financial planning can help them better support their clients and make financially wise decisions despite any crises that may arise. Understanding how taxes, the stock market, or bonds work and how they influence insurance coverage or planning. Insurance advisors working on life insurance selling life insurance might also consider learning about individual retirement accounts (IRAs) and annuities so they can better advise their clients on how to plan for long-term financial security.


How to Become an Insurance Advisor.

If you want to stand out, it’s always worth getting professional insurance qualifications such as stated below since Insurance is a complex industry, and employers are always looking for experienced and knowledgeable advisors.

  • Bachelor’s degree in financial accounting, business management, economics, business administration, or any other related field of study like risk management.
  • Chartered Insurance Institute (CII) diploma and an advanced diploma in insurance.
  • Institute of Risk Management (IRM) Certificate and Diploma in Risk Management.
  • National Examination Board for Occupational Safety and Health (NEBOSH) Diploma.
  • Previously working in sales or the financial industry may be seen as helpful.
  • According to the guidelines of the Insurance Regulatory and Development Authority (IRDA), register yourself with a particular insurance company, undergo specified insurance training, sit for an examination at a specified venue and pass the examination, and get certified.
  • Insurance advisors must be well versed in their expertise and understand the insurance industry in other to break down the complex insurance terms that exist for their clients. To be an insurance advisor, you need to familiarize yourself with the insurance industry and learn as much as you can about it.
  • IT skills: The understanding of analytical tools that ease the population of numbers when necessary is a necessity in this time when everything is digitalized. computer literacy and competency are seen as a necessity for carrying out most negotiations even both online and offline.
  • Taking since many insurance companies also offer internal training programs that can help you move up the ladder and increase your earning potential. Taking networking opportunities, accessing insurance industry news and information, and chances to participate in educational programs that can broaden your knowledge.


Where to Work as an Insurance Advisor.

  • Insurance houses.
  • Brokerage houses and firms.
  • Real estate agencies.
  • Law firms.
  • Tax houses.
  • Financial houses.
  • Banks and investment agencies.
  • Manufacturing industries.
  • Nongovernmental organizations.
  • Health care services, and hospitals.
  • Research and Development institutes.
  • Colleges and Universities.
  • Churches
  • Media houses and agencies.


Insurance Advisor Salary Scale

The insurance advisor salaries vary due to location, specialization, area of expertise, years of experience, and other factors like the ability to take on more jobs, close up more deals, and earn commissions. They may also earn additional compensation in the form of commissions and bonuses depending on the kind of insurance products they are selling. The average Insurance Advisor’s salary is $60,163 based on the USA salary range but the salary range typically falls between $50,959 and $65,21.

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