Analti_Calte

True... Its from the EOC Q...

Traditionally, Life Insurance Co's had relatively low liquidity needs but the increased disintermediation risk & asset marketability risk has increased the need for liquidity...

As for the endowment, they are only required to spend a low% of MV in any given year, and since it is predictable cash flows, their liquidity need is lower than Life Ins. Co's...

Life Insurance Co's can have unpredictable cash outflows due to mortality risk...

Overall, True...