How Frequently Does the Premium for a Whole Life Policy

question 104

Multiple Choice

How frequently does the premium for a whole life policy change during the insured's life?

• A)Every year
• B)Every two years
• C)Every five years
• D)Every 10 years
• E)It never changes

---

Definitions:

Feature-Advantage-Benefit Approach

A sales strategy that involves highlighting a product's features, explaining their advantages, and demonstrating how they provide benefits to the customer.

SPIN Acronym

Stands for Situation, Problem, Implication, Need-payoff, and is a sales technique used to identify and provide solutions to customer problems.

Being Rejected

The experience of not being accepted or approved by others, often resulting in feelings of disappointment or inadequacy.

Customer Relationship Management

A system for managing a company's interactions with current and potential customers, often using data analysis to study large amounts of information.