social insurance

Definition of "social insurance"
  1. A system established, monitored, or regulated by the government to provide protection to individuals against certain risks like unemployment, old age, and disability
How to use "social insurance" in a sentence
  1. Everyone pays into the social insurance program with the understanding that they will receive benefits if they fall on hard times.
  2. Social insurance is designed to protect individuals from economic hardships that may result from old age, disability, or unemployment.
  3. There's a controversy over whether self-employed individuals should be included in social insurance programs.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z