Which of the Following Statements with Regard to Life Insurance

Which of the following statements with regard to life insurance companies is true?

A) Life insurance companies are more likely to acquire short-term assets than long-term securities, for liquidity reasons.
B) Life insurance companies are more likely to acquire long-term assets because their liabilities are long-term in nature.
C) Life insurance companies tend to acquire short-term assets because they have relatively predictable inflows and outflows.
D) The Reserve Bank of Australia regulates life insurance companies.