If an Individual Receives a Social Security Disability Benefit from the Government,which

question 1

Multiple Choice

If an individual receives a Social Security disability benefit from the government,which benefit from an insurance company may be terminated or reduced?

• A)Cost-of-Living Adjustment (COLA)benefit.
• B)Guaranteed Renewable Disability benefit.
• C)Option to Purchase Additional Insurance benefit.
• D)Social Insurance Substitute benefit.

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Law Of Demand

A fundamental principle stating that, all else being equal, as the price of a product decreases, the quantity demanded increases, and vice versa.

Price Falls

A decrease in the cost of a good or service in the market.

Quantity Demanded

The total amount of a good that consumers are willing to purchase at a given price level in a market.