Match the Following Terms with Their Definitions

question 38

Multiple Choice

Match the following terms with their definitions.
-Insured

• A)Continual premium payments
• B)Used when insured cancels
• C)Blame doesn't matter in payoff
• D)Periodic payment
• E)Not optional
• F)Combination of term and whole life
• G)Result of a nonforfeiture value
• H)Policyholder
• I)Amount of insurance stated on the policy
• J)Value of policy when terminated
• K)Builds no cash value
• L)Options when an insurance policy is terminated
• M)One to receive face value of life insurance
• N)Payment to insured from a loss
• O)80%
• P)Pay for repairs to one's auto
• Q)Amount insured pays
• R)The insurance company
• S)Fire, theft

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Definitions:

Territory-Aggregate Management

The process of overseeing and optimizing sales and marketing efforts within a specific geographical area or market segment.

Double Positioning

A branding strategy where a product or service is positioned to appeal to two different target markets or segments simultaneously.

Key Customer

A significant client who contributes a substantial portion of a business's revenue, often receiving special attention and preferential treatment.

Sales Policy

A set of guidelines or rules that govern the sales processes and practices of an organization, aiming to ensure efficiency and consistency.