Question

Many years ago G bought a life policy. Since then G decided to replace that coverage with a policy that was purchased firsthand through the insurer and then delivered constructively. This is an example of:________

Answer 1

Answer:

A direct response sales

Explanation:

From the statement, it can be seen that G bought the life policy alone and made his decision to replace that coverage with a policy that was purchased firsthand through the insurer and delivered. This shows that an agent was not used in the sale or delivery of the policy and hence this depicts a direct response transaction between the insurer and the client G.