Why Have Term Life Insurance Rates Decreased in Recent Years

question 43

Multiple Choice

Why have term life insurance rates decreased in recent years?

• A)they have not decreased; this is a trick question
• B)improved human longevity
• C)decrease in percentage of the population infected with HIV/AIDS
• D)regulatory intervention

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Definitions:

Advance-Purchase Discounts

Reductions in price offered to customers who pay for goods or services before they are received or required.

Indirect Price Discrimination

A pricing strategy where different prices are charged for the same product or service in different markets or segments, not directly based on consumer characteristics.

No-Name Brand Wok

A wok (a versatile round-bottomed cooking vessel) marketed without a brand name, often implying it is generic or lesser-known.

Losing Customers

The process by which a business experiences a decline in its customer base due to various factors such as poor service, high prices, or better competition.