When Thian turned 65, he decided he should purchase long-term care insurance because he didn't want his kids to have to take care of him. This is a(n) ________ product.
A) convenience
B) specialty
C) retail
D) shopping
E) unsought

Question

Quizplus · Accepted Answer

Long-term care insurance is considered an unsought product because it is something consumers do not think about buying until they need it, often due to a specific life event or realization of future needs, as in Thian's case.

When Thian Turned 65, He Decided He Should Purchase Long-Term