Life Insurance Companies Tend to Invest Excess Funds in Short-Term

question 73

True/False

Life insurance companies tend to invest excess funds in short-term securities,while pension funds tend to invest excess funds in long-term securities.

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Definitions:

Deductible

is an amount that can be subtracted from an individual's gross income for tax purposes, reducing the taxable income.

Personal

Relating to private individuals, their characteristics, or their circumstances without pertaining to their professional or public lives.

State And Local Income Taxes

Taxes imposed on income by state and/or local governments, varying greatly from one location to another.

General Sales Taxes

Taxes imposed on sales of goods and services, generally calculated as a percentage of the sales price.