Life insurance companies tend to be larger in asset size than casualty insurance companies because of...

Life insurance companies tend to be larger in asset size than casualty insurance companies because of

_____

Their special income tax exclusions

The selective underwriting processes for policy issuances

The long-term, accumulative nature of whole life policies

The characteristics of their term policies

Solutions

Expert Solution

Life insurance companies tend to be larger in asset size than casualty insurance companies because of "The long-term, accumulative nature of whole life policies".

Life insurance company tends to be invest premiums collected for a long term period. The products offered by life insurance companies are long term in nature.

jeff jeffy answered 1 year ago

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