Hire L&D Experts With Life Insurance Experience

Hiring Freelancers with Experience in Life Insurance

Searching for the perfect life insurance training? You're in the right place! In this FAQ, we'll explore common types of training needs, deliverables, topics, roles, and examples of stellar training in the life insurance industry. Plus, we'll discuss the benefits of hiring freelance vs full-time training contractors for your life insurance company.

What are the most common training needs in the Life Insurance industry?

• Product knowledge: Understanding different types of life insurance policies and features.
• Sales skills: Techniques for selling policies and reaching target audiences.
• Compliance and regulations: Keeping up with industry rules and legislation.
• Customer service: Providing top-notch support and communication.
• Claims management: Processing and evaluating claims efficiently.

What are the typical training deliverables in the Life Insurance field?

Life insurance training can take many forms. Some common deliverables include:

• eLearning modules: Interactive, online courses for self-paced learning.
• Instructor-led training: Live, in-person workshops or virtual sessions.
• Job aids: Reference materials, such as cheat sheets or checklists.
• Video tutorials: Visual, step-by-step demonstrations of processes or procedures.
• Role-play scenarios: Simulations for practicing real-life situations.

What are some popular training topics in the Life Insurance sector?

Some hot training topics in the life insurance world include:

• Types of life insurance: Term, whole, universal, and variable policies.
• Underwriting processes: Assessing risk and determining policy premiums.
• Policy riders: Special add-ons for customizing coverage.
• Claims handling: Best practices for managing claims and payouts.
• Lead generation and prospecting: Finding and nurturing potential clients.

What roles might companies require for Life Insurance training?

There are several training roles that life insurance companies might need, such as:

• Instructional designers: Experts in creating engaging and effective learning content.
• Trainers or facilitators: Skilled presenters who guide learners through training sessions.
• Learning management system (LMS) administrators: Tech-savvy pros who manage and maintain online training platforms.
• Training coordinators: Organizers who handle logistics, scheduling, and resources.
• Evaluators or analysts: Specialists in measuring training effectiveness and outcomes.

Can you give examples of great Life Insurance training?

One standout example is New York Life's award-winning Agent onboarding program, which integrates eLearning, mentorship, and performance support to help new agents hit the ground running. Another is MetLife's virtual sales training, which uses video and interactive elements to develop top-notch sales skills.

What are the benefits of hiring freelance vs full-time training contractors in the Life Insurance industry?

Freelance trainers bring many advantages, including:

• Flexibility: Scale your training efforts up or down as needed, without long-term commitments.
• Cost savings: Only pay for the training you need, without the overhead of full-time salaries and benefits.
• Access to expertise: Tap into a vast pool of specialized knowledge and skills.
• Speed to market: Quickly assemble a team to tackle urgent training projects.
• Outside perspective: Gain fresh insights and best practices from industry veterans.

So, there you have it! Now you're equipped to find the perfect life insurance training talent for your company. Happy hiring!