Which of the following is a reason that some mutual insurers have converted to stock institutions?

______

A)To merge with other institutions more easily

B)To sell stock and increase their net worth

C)To attract top-class personnel

D)All of the above

A life insurance company needs more liquidity when selling a high proportion of

_____

A)Whole life policies

B)Annuities

C)30-year term policies

D)1-year renewable term policies