Permanent life insurance policies
A- are not
B-are
the fastest growth area for life insurance companies. Property and casualty insurance companies are
A- less likely
B-more likely
to hold tax-exempt municipal bonds than are life insurance companies. Which of the following institutions must hold a significant portion of its assets in liquid securities because it cannot easily predict its future payouts?
A. pension funds
B. life insurance companies
C. hedge funds
D. property and casualty insurance companies