__________________ collect premiums on insurance policies and employee/employer contributions from pension fund participants and provide retirement benefits and insurance against major financial losses.

Question

Quizplus · Accepted Answer

Contractual savings institutions, such as insurance companies and pension funds, collect premiums and contributions from individuals and businesses in exchange for providing insurance coverage and retirement benefits. Banks primarily accept deposits and make loans, investment banking firms handle securities underwriting and corporate finance, and brokerage firms facilitate the buying and selling of securities.

__________________ Collect Premiums on Insurance Policies and Employee/employer Contributions from Pension