Companies take savings as premium, invest in bonds and make payments to beneficiaries are classified as

debit unions
life insurance companies
credit unions
auto purchases

The correct answer is B. Life insurance companies.

Life insurance companies are companies that provide life insurance to individuals and families. Life insurance is a contract between an insurance policy holder and an insurance company, where the insurance company promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

Life insurance companies take savings as premium, invest in bonds and make payments to beneficiaries. They use the premiums they collect to invest in a variety of assets, including bonds, stocks, and real estate. The returns on these investments help to fund the benefits that are paid out to beneficiaries when a policyholder dies.

Debit unions are financial institutions that are owned by their members. They offer a variety of financial services, including checking and savings accounts, loans, and credit cards. Credit unions are regulated by the National Credit Union Administration (NCUA).

Auto purchases are the act of buying a car. When you buy a car, you are essentially entering into a contract with the seller. The contract will outline the terms of the sale, including the price of the car, the down payment, and the monthly payments.

I hope this helps!

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