An example of a "contractual saving" financial intermediary is

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Contractual saving financial intermediaries accept and manage savings from individuals and entities by providing contracts or policies that specify the amount and timing of payments as well as the terms of withdrawal. Insurance companies offer life insurance policies that compensate beneficiaries in the event of the policyholder's death, as well as annuity policies that provide a regular stream of income to the policyholder in exchange for a lump sum or regular payments. Commercial banks and credit unions operate as depository institutions that provide loans and transactional services, while money market mutual funds invest in short-term, low-risk securities on behalf of individual and institutional investors.

An Example of a "Contractual Saving" Financial Intermediary Is