Which of the following is CORRECT? Select one:O a. Increased annuity payments and interest rate volatility can amplify the liquidity needs of life insurance companiesO b. General insurance companies have minimal liquidity needs. O c. Endowment and Foundations have very high tax-imposed constraints in the Investment Policy Statement.O-d. For a Defined Benefit Plan, the younger workforce results in a greater duration of plan liabilities and thus decreases risk toleranceO e. Pension funds generally have very low tax concessions.