A life insurance company is an example of an investment institution. (B)
What is insurance?
Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
What is investment?
Investment is the action or process of investing money for profit.
What is institution?
Institution is an organization founded for a religious, educational, professional, or social purpose.
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