Insurance Products Can Be Sold to Individuals or Groups

question 2

Essay

Insurance products can be sold to individuals or groups. Describe the groups for which insurance products are typically sold to and the products sold to these groups.

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Definitions:

Success

The achievement of a goal or the attainment of prosperity, fame, or a favorable outcome.

Confirmation Bias

The tendency to seek information that supports one’s beliefs while not pursuing disconfirming information.

External Attribution

The process of attributing the cause of a person's behavior to situational factors outside the person.

Self-Serving Bias

The tendency to attribute one’s successes to personal factors and one’s failures to situational factors.