LOMA 291 MODULE 3 ACTUAL 2025/2026 CORRECTLY ANSWERED

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LOMA 291 MODULE 3 ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Marketing - Answer -Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing plan - Answer -A written document that states the marketing goals for a product or product line, and describes the strategies and the implementation and control efforts the company intends to use to achieve those goals. Marketing plans contain: - An executive summary, or a brief highlight of the purpose, recommendations, costs, and intended results - A situation analysis, or an explanation of the environmental factors affecting marketing operations - Marketing objectives - Marketing strategies - Tactical/action programs, or a description of the activities to be carried out - Budgets - The evaluation methodology, or the controls the company will use to analyze progress toward goals The Marketing Mix - Answer -To market effectively, marketing departments need to understand the details of Product Price Promotion Distribution Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com These four variables work together to attract customers, trigger buying, and help companies meet business goals. Product - Answer -The goods, services, or ideas that a seller offers to customers to satisfy a need. Some specialization possibilities for insurance - Answer -Under life Insurance are term life, whole life, group life, universal life, variable universal life, indexed universal life, and final expense insurance. Under medical are group major medical, individual major medical, and supplemental medical. Under disability are shortterm disability, long-term disability, and long-term care. or Under annuities are qualified annuities, nonqualified annuities, fixed annuities, variable annuities, indexed annuities, immediate annuities, and longevity insurance. Under retirement are 401(k), 401(b), and pension plans. Under voluntary benefits are dental insurance, vision insurance, and critical illness insurance. Product Mix - Answer -The assortment of products a company offers. Financial design - Answer -The combination of all the financial features of a product. Which of these do you think are potential features of insurance product financial design? Choose all that apply. Required premium payments Mortality charges Charges for features, benefits, guarantees, etc. Fees for services, transactions, etc. Charges (if any) for early surrender or withdrawal How fast the cash value accumulates Investment or interest rate minimum guarantees Guaranteed income, accumulation, or withdrawal benefits Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com