Week 4: Product Market Fit - Doing!!
What is an example of a good product? Why does it add value?
An example of a good product are Nike sneakers. It adds value because the sneakers are not only comfortable but they are versatile. It can be worn during different occasions and different weather.
Life insurance: Why is this product essential to our friends and family and community?
Life insurance is essential to families because it can protect our family and loved ones. Moreover, it pays off debt and adds financial security.
What concerns and questions do we need to answer about life insurance as a product?
Some questions we need to answer are:
What would be a good age to purchase life insurance?
How will life insurance benefit my family and me in the long term?
Who should be my beneficiary?
Do I need to take a medical exam beforehand and why?