All of the Following Are Examples of Individual Factors That

question 68

Multiple Choice

All of the following are examples of individual factors that affect the decision-making process for consumers EXCEPT:

• A) gender
• B) age
• C) reference groups
• D) lifestyles
• E) personality

---

Definitions:

Binder

A temporary insurance contract that provides coverage until a permanent policy is issued.

Homeowner's Insurance

Insurance coverage that protects against damages to a person's home and possessions within the home, along with liability coverage for accidents that happen at the home or at the hands of the homeowner within the policy territory.

Interim Home Damage Coverage

Temporary insurance protection for damages to one's home, typically used until permanent insurance takes effect or repairs are completed.

Beneficiary

An individual or entity entitled to receive benefits or assets under the terms of a will, insurance policy, retirement account, trust, or other contract.