Guaranteed investment contracts (GICs) offered by a life insurance company
A) are endowment life policies marketed to group insurance policyholders.
B) are short- and medium-term debt instruments sold to fund their pension plan business.
C) can only be purchased by a group life insurance plan.
D) earn a return based on the consumer price index (CPI) .
E) Short- and medium-term investments in venture capital firms.
Correct Answer:
Verified
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