the government is one of three primary types of insurers. government insuarance provides protections against fundemental risks.

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22-07-2022
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the government is one of three primary types of insurers. government insuarance provides protections against fundemental risks.

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Tutorconsortium338 Tutorconsortium338 · Answer 1 · 2022-07-30T16:26:17+02:00

This government insurance program is an example of Social Security.

Social security is the protection that a society provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity or loss of a breadwinner.

What is an Example of Social Security?

An example of Social Security is a monthly check received by a retired worker which is based on the age of the worker and the amount of money the worker has earned over their work history. A federal program, created under the Social Security Act of 1935, that is designed to provide some financial support to retirees.

Effective social security systems guarantee income security and health protection, thereby contributing to the prevention and reduction of poverty and inequality, and the promotion of social inclusion and human dignity.

To know more about Social Security, check the links.

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Correct Question - The government is one of three primary types of insurers. Government insurance provides protections against fundamental risks. This is an example of which government insurance program?