Which of the Following Holds True for Term Insurance

question 133

Multiple Choice

Which of the following holds true for term insurance?

• A) Premiums increase with age.
• B) Premiums are paid for insurance and savings.
• C) Term policies are renewed at a lower rate.
• D) Premiums decrease with age.

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Definitions:

Promotional Mix

The combination of marketing communication tools a company uses to pursue its marketing objectives, such as advertising, sales promotion, public relations, personal selling, and direct marketing.

Promotion Decision Process

A series of steps a company undertakes to conceive, plan, and execute promotional activities to market its products or services.

Steps

Sequential actions or procedures followed to achieve a particular end.

Promotion Program

A comprehensive strategy incorporating various promotional tools and activities to boost market presence, customer engagement, and sales performance.