The objective of tax planning is to get a large refund at filing time

Areas that are utilized by many of the departments should be located centrally within an organization

Indicate whether the statement is true or false.

All of the following statements about life insurance company investments are true EXCEPT

A) Funds for these investments are derived primarily from premium income, investment earnings, and maturing investments that must be reinvested. B) Income from these investments reduces the cost of insurance. C) A primary objective in making these investments is safety of principal. D) The majority of these investments are short-term investments.