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Who are the target markets of insurance companies?

Updated: 8/21/2019
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10y ago

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The target market of insurance companies are people who have possessions and may wish to insure them. Anyone with a car, a home, a job, a field of crops, a hope of retirement or a fear of dying could benefit from purchasing insurance. Insurance companies may target affluent individuals or families to offer insurance products to them. Insurance protects individuals from bearing the loss of unfortunate events.

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