4.Which of the following government plans does not provide income protection due to ill health?...

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Finance

4.Which of the following government plans does not provide income protection due to ill health?

Workers Compensation

Employment Insurance

Social Insurance

Canada Pension Plan

5. Which of the following is not a characteristic of social insurance?

Benefits relate to income

Benefits are not means-tested

Participation is voluntary

Plans are funded

6.Which of the following would not be covered by Workers Compensation?

Graham severely cuts his hand on a piece of metal at work

Hannah severely cuts her hand when she slips on her shoe lace at work

Terry severely cuts his hand while slicing a tomato at the caf where he works

Cary cuts his hand on broken glass while driving to work

11.Employment insurance benefits are available for all of the following out-of-work situations except:

Being laid off

Being pregnant

Being sick

Getting fired

12. Which of the following losses are not insured by a typical Homeowners Insurance Policy?

Damage to your home caused by a neighbour

Damage to your home caused by your pet

Damage to your home caused by a friend who breaks and antique vase while admiring it

Damage to your home caused by you while you are drunk

13.In which of the following situations would you be taking a pure risk?

Buying gold futures when the price of gold is very low

Purchasing shares of a small cap health care company

Short selling stock

All of the above

None of the above

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