You Want to Purchase a Life Insurance Policy That Pays

question 76

Multiple Choice

You want to purchase a life insurance policy that pays a policy dividend. What kind of policy would you want to purchase?

• A) Dividend policy
• B) Nonparticipating policy
• C) Mutual policy
• D) Participating policy
• E) Stock policy

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Definitions:

Segmentation Variables

Criteria used to divide a market into distinct subsets of customers with common needs or characteristics.

Homogeneous Segments

Market segments that are uniform or similar in terms of consumer preferences, needs, and characteristics, allowing for targeted marketing strategies.

Target Segments

Specific groups within a market at which a company aims its products, marketing efforts, and services to fulfill their particular needs.

Market Segmentation

The activity of dividing a broad consumer or business market into sub-groups of consumers or segments, based on some type of shared characteristics.