All of the following statements about life insurance company investmen

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.

ANSWER

Answer: D