Thanh’s Blog: Week 4: Product Market Fit - Doing!
What is an example of a good product? Why does it add value?
A good product is something that solves the problems that an individual or specific industry is having. Good products tend to be versatile as well although that isn’t necessarily a requirement.
Good products add value because they help companies attract more customers, which can boost revenue and profits.
Life Insurance: Why is this product essential to our friends and family and community?
Life insurance is an essential product, especially for adults with a family. One of the main reasons people get life insurance is to make sure their loved ones will be financially okay if anything were to ever happen to them. Life insurance also covers bills and debts so if you pass away unexpectedly with bills and debt, those payments will be covered.
What concerns and questions do we need to answer about life insurance as a product?
The concerns and questions we need to address about life insurance is: how much does it cost, what types of life insurance can I choose from, what happens if I don’t pass away, and how will the payments be pid to my family?
These are all important questions to consider before purchasing life insurance. You can research on your own and discuss with the company for the costs, option you like, how long you want coverage for, and how payments will be paid to your family.