Which of the following are NOT contractual savings institutions?
A)life insurance companies
B)credit unions
C)pension funds
D)state and local government retirement funds

Question

Quizplus · Accepted Answer

Credit unions are not considered contractual savings institutions because they typically do not offer insurance or retirement benefits. They are member-owned financial cooperatives that offer a range of banking services. Life insurance companies, pension funds, and state and local government retirement funds are all examples of contractual savings institutions because they provide financial products and services that are based on contractual agreements with their customers or members.

Which of the Following Are NOT Contractual Savings Institutions