For the life insurance industry, the largest component of liabilities is reserves for pensions.

Name: For the life insurance industry, the largest component of liabilities is reserves for pensions.
Brand: Quizplus
Rating: 4.7 (57 reviews)

Question

Quizplus · Accepted Answer

Reserves for pensions are a type of liability that life insurance companies hold to cover the future payment of benefits to policyholders. These reserves are typically the largest component of liabilities for life insurance companies.

For the Life Insurance Industry, the Largest Component of Liabilities