A Factor That Can Be Ignored When Determining the Cost

question 10

Multiple Choice

A factor that can be ignored when determining the cost of life insurance is

• A)time value of money.
• B)premiums paid.
• C)settlement options.
• D)dividends.

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Definitions:

Disposable Income

The amount of spending money available to households after paying taxes.

Geographic Segmentation

The process of dividing a target market into smaller, geographically based segments to tailor marketing efforts based on regional preferences or needs.

Psychographic Segmentation

This marketing technique categorizes consumers based on psychological characteristics, including habits, hobbies, spending habits, and values.

Activity Segmentation

The process of dividing a market into groups based on their activities, interests, or opinions to better target marketing efforts.