Alyssa’s Blog: Product Market Fit- Doing!!
In this article I will be discussing how products can add value to a consumer, and I will be diving deeper into the importance of life insurance. I will also be answering some commonly asked questions regarding life insurance to HELP YOU understand our product!
How TOMS Shoes Provide Value
TOMS is a company that focuses on their mission of maintaining sustainability within their company and helping those in need. They fulfill this mission by giving away a pair of shoes to a child in need every time a pair of shoes is sold. This “buy-one-give-one” system attracts customers since TOMS provides a great amount of value by giving their customers a chance to feel like they are making a difference.
Why Is Life Insurance Essential?
Life insurance is an affordable way to purchase a safety net for your family and your assets in case of an unexpected death. There will be no financial hardship for your family in the event that the primary earner unexpectedly passes away. There is a large reduction of stress, so that way if you are facing an incredibly hard time grieving, there is much less pressure on you to keep your family financially afloat.
Common Questions About Life Insurance ANSWERED!
What types of life insurance can I choose from?
The two basic policies are term life, and permanent life. Term life allows the customer to pick a specific term that they want to be insured (usually 10,20,25,30 year terms). Permanent life insurance builds cash value, and the two subcategories include whole life and universal life insurance.
How much does life insurance cost?
There are many factors that play into the cost of your life insurance premiums. Depending on which plan you buy, term life is often more affordable. The healthier and younger you are, the less your premiums will be. The older you get, the more expensive it will be, and rates often double by 60 years old!
Why do I need to take a medical exam?
You are required to take a medical exam because your insurance company wants to get an overall idea regarding how risky you are as a person to insure! The more unhealthy you are, the more likely of a shorter life expectancy, and the more expensive it will be to insure you.
