When Andy Hears a Customer Say "I Need Something a Lot

question 31

True/False

When Andy hears a customer say "I need something a lot cheaper," he knows that a product objection is being raised.

---

Definitions:

Loss Occurs

Refers to the moment when a financial loss happens due to an insured event.

Insurable Interest

A requirement that a person seeking to purchase insurance has a sufficient stake in the safety or preservation of the insured item or individual to obtain insurance coverage.

Named Beneficiary

An individual, group, or entity explicitly designated to receive benefits from a policy or account.

Partnership

A lawful business structure operated by two or more people who divide management duties and share the profits.