What is often used as an incentive for clients to purchase life insurance?

Rebates often serve as a strategic incentive for potential clients considering the purchase of life insurance. A rebate can be seen as a partial refund or discount on the insurance premium that encourages clients to choose one policy over another. This financial incentive can make life insurance more appealing, especially for clients who are price-sensitive or looking for added value in their investment in insurance products.

Offering rebates aligns with practices aimed at enhancing customer satisfaction and securing new clients, making them more likely to take the step towards purchasing a policy. Other incentives like low interest rates, extended terms, or high returns may be factors in certain financial products, but rebates specifically are commonly recognized as a direct and compelling inducement in the insurance market.