Life Insurance Companies and Pension Funds

Charles R. Geisst
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Charles R. Geisst: Manhattan College

Chapter 5 in A Guide to Financial Institutions, 1988, pp 84-101 from Palgrave Macmillan

Abstract: Abstract Two of the largest types of financial institutions are neither banks nor direct depository institutions. Many times, neither of these will immediately come to mind if the layman is asked to name a large sophisticated financial intermediary. The reason for this lapse is that both institutions devote themselves to a different type of savings and investment function than do banks or building associations. Life insurance companies and pension funds cater to another sort of financial need than do banks that serve as depositories for current needs. Both invest for the individual on a future basis; seeking to protect his future needs for wealth and protection rather than serve more immediate concerns covered by depository institutions.

Keywords: Financial Institution; Pension Fund; Life Insurance; Real Estate Market; Pension Plan (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18807-9_6

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DOI: 10.1007/978-1-349-18807-9_6

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