Question

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

Answer 1

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.