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Consumer Satisfaction With Life Insurance: A Benchmarking Survey
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Consumer Satisfaction With Life Insurance: A Benchmarking Survey
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Consumer Satisfaction With Life Insurance: A Benchmarking Survey
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Journal Article
Consumer Satisfaction With Life Insurance: A Benchmarking Survey
1999
Overview
This research explores consumer satisfaction relevant to the purchase of life insurance products and compares satisfaction in a broker or agent assisted transaction with satisfaction when no broker or agent is used, direct placement. Benchmarks are identified for consumer satisfaction with the life insurance product, the agent, and the institution. The research shows that trust, competence, and product appropriateness play an integral part in consumer satisfaction. Practicing financial planners can apply the implications of this study in their own practices, and/or future researchers can determine whether consumer satisfaction increases or decreases as distribution and marketing methods evolve. [PUBLICATION ABSTRACT]
