Jennifer’s Week 4: Product Market Fit - Doing!!
Here I explain what is considered a good product and its value to the market, why our product, life insurance, is considered to be important in our community, as well as any questions regarding life insurance as a product!
What is an example of a good product? Why does it add value?
Apple is known for creating good products, such as iPads, Macbooks, iPhones, Apple Watches and Airpods. They add value by allowing us to have technology in the most simplest and sleek way. Apple also allows its customers to recycle their old electronics and allow them to invest in their newer products. Each product consists of something we can incorporate into our daily lives.
Life insurance: why is this product essential to our friends and family and community?
Life insurance is essential to our friends, family, and the community. It helps ensure our loved ones if we pass away. Life Insurance can help with financial hardships, finance your child’s education, and be used as a saving plan so you have some sort of income after retirement.
What concerns and questions do we need to answer about life insurance as a product?
What is considered better, term or whole life insurance?
Term-life insurance covers you for a certain amount of time, however, whole life insurance provides lifelong protection. It depends on the customer if they are willing to pay for whole life insurance or need insurance for a certain period of time to help their savings.
How much is life insurance?
Averagely, life insurance cost about $26 a month. This is for people who are about the age of 40 who want to buy approximately a 20-year term life insurance policy, however, it varies with age, gender, and other demographics.
What attributes would make life insurance less expensive?
Certain attributes that will help make your life insurance less expensive would be:
Age
Gender
Health History
Hobbies
Occupation
