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Life insurance companies are exposed to interest rate risk because they tend to maintain large, long term bond portfolios whose values decline when interest rates

Life insurance companies are exposed to interest rate risk because they tend to maintain large, long term bond portfolios whose values decline when interest rates rise.

Give some examples of specific securities that would be more likely found on the asset side of a balance sheet of a life insurance company and those that would be more likely found on the asset side of the balance sheet of a property and casualty company.

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