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Because it's a service, not a physical product that you can touch

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βˆ™ 14y ago
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Q: Why is insurance intangible?
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Related questions

Is life insurance a tangible asset?

no, intangible


What does intangible?

cannot tuch we feel it i.e insurance policy


Give examples of tangible and intangible services and goods?

Some tangible goods are things that can be touched or felt, physically. - Jewelry, clothes, TVs Where as Intangible things are those that cant be touched or felt, via sensory perceptions. - Computer programs, TV shows, or an Insurance policy, regulation's and rules are all Intangible services or goods.


Types of intangible assets?

1 - Goodwill 2 - market related intangible assets 3 - Customer related intangible assets 4 - Contract related intangible assets 5 - Artistic related intangible assets 6 - Technology related intangible assets


Intangible in a sentence?

Sometimes things that you want are intangible.


Is life insurances an intangible product or not?

It's intangible


What is a word for cannot be touched?

intangible, untouchable.


Do you have any intangible product or service sales experience?

30 years experience selling insurance, investments, 401k packages, alternative income investments.


What is intangible product?

Software is considered to be an intangible product. The term intangible refers to something that can not be physically held in the hands.


What are examples of intangible Products?

Three example of an intangible product


What is the Tagalog word for the word intangible?

The Tagalog word for "intangible" is "di-materyal."


Are patents intangible assets?

patents are intangible assets as these have not physical existence. patent is a right to use something which is not physical that's why it is an intangible asset.