If Your Disability Coverage Includes a Social Insurance Substitute,then

question 37

Multiple Choice

If your disability coverage includes a social insurance substitute,then

• A)cost of living increases in your Social Security benefits are offset by a reduction in your private benefits.
• B)your disability benefits will be automatically adjusted for changes in the cost of living.
• C)you may receive either private or public benefits but not both.
• D)your private benefits will be greater if you do not qualify for Social Security disability benefits.

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money, either on demand or at a specified future date.

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, meant to transfer the instrument’s ownership.

Conversion

The unauthorized act of possessing or disposing of someone else's property as if it were one's own, infringing the owner's rights.

Cashed Check

A check that has been presented to a bank or financial institution and exchanged for the equivalent amount in cash, indicating the check has been successfully processed.