Riders Are Options That Allow You to Customize a Life

question 144

True/False

Riders are options that allow you to customize a life insurance policy to specific needs.

Relate the impact of culture, society, and personal factors on consumer wants and needs.

Assess the role and impact of social media within the marketing mix.

Understand ethical considerations in marketing decision-making.

Recognize the importance of marketing analytics in evaluating marketing performance.

---

Definitions:

Insurable Interest

A stake or financial interest in an item or person that allows the owner to purchase insurance against risks.

Pressure Washer

A mechanical device that uses high-pressure water spray to clean surfaces, removing dirt, grime, and other materials.

Commercial Rents

Payments made for the use of commercial property, such as offices, shops, or industrial spaces.

Destination Contract

A contract specifying that the seller is responsible for delivering goods to a specific location, with the risk of loss transferring upon delivery.