Disability Insurance Provides a Relatively Low-Cost Way of Protecting Against

question 98

True/False

Disability insurance provides a relatively low-cost way of protecting against lost income due to an accident or illness that prevents you from working for an extended period of time.

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Definitions:

Reaganomics

The economic policies promoted by U.S. President Ronald Reagan during the 1980s, characterized by tax cuts, reduced social spending, increased military spending, and deregulation of domestic markets.

Deregulation

The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.

S & L Institutions

Savings and Loan institutions, which are financial establishments focusing on accepting savings deposits and making mortgage loans.

Antitrust Suits

Legal actions taken against companies or entities to break up monopolies or to prevent anti-competitive practices, aiming to promote fair competition for the benefit of consumers.