The correct answer is: A. Bank Deposits.
An accumulation product is a financial product that is designed to grow over time. Bank deposits are a type of accumulation product because they earn interest, which can help the money grow. Non-life insurance policies, life insurance policies, and shares are not accumulation products because they do not earn interest or grow over time.
Bank deposits are a safe and secure way to save money. They are insured by the Federal Deposit Insurance Corporation (FDIC), which means that your money is protected up to $250,000 per depositor, per institution. Bank deposits also offer a variety of features, such as online banking, mobile banking, and bill pay.
Non-life insurance policies are designed to protect you from financial losses due to events such as car accidents, property damage, and medical expenses. Life insurance policies are designed to provide financial support to your loved ones in the event of your death. Shares are a type of investment that represents ownership in a company.
All of these products can be useful in different situations, but only bank deposits are accumulation products.