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) .
Correct Answer:
Verified
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A)are sponsored by state
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A)insurance coverage related to the
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Q96: Which of the following did NOT occur
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Q97: Annuities are an important product sold by
Q98: The largest asset category on the balance
Q99: Separate accounts business of a life insurance
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