Which of the following is an example of private insurance?
A)unemployment insurance
B)Social Security
C)life insurance
D)federal deposit insurance

Question

Quizplus · Accepted Answer

Private insurance refers to insurance policies that are purchased by individuals or companies from private insurance companies. Life insurance is an example of private insurance as it is purchased by individuals or organizations from private insurance companies for the purpose of providing financial protection to their beneficiaries in the event of their death. The other options listed are not examples of private insurance - unemployment insurance is a government-provided benefit, Social Security is a government-run program, and federal deposit insurance is a government policy that protects bank deposits.

Which of the Following Is an Example of Private Insurance