An Insurance Policy That Often Is the Least Expensive to the Insured

question 93

Multiple Choice

An insurance policy that often is the least expensive to the insured because of the policy does not include a savings plan is called

• A)term life.
• B)universal life.
• C)whole life.
• D)endowment life.
• E)variable life.

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Definitions:

Positive Response

An affirmative reaction or reply to an inquiry, situation, or stimulus.

Persuasive Request

A communication technique aimed at convincing someone to grant a request or agree to a proposal through reasoned argument.

AIDA Plan

An acronym for Attention, Interest, Desire, Action; a marketing strategy to guide advertisements or sales pitches to engage customers and drive conversions.

Hasty Generalizations

A logical fallacy where a broad conclusion is drawn from a small or unrepresentative sample of data.