Which example BEST illustrates social insurance?

Question

Quizplus · Accepted Answer

A retirement pension is an example of social insurance as it is designed to provide financial support to individuals who have contributed to the system over their working years. It is a form of insurance against the risk of poverty in old age. The other options listed (liability insurance for automobiles, food availability programs for low-income Canadians, housing subsidies) are examples of social welfare programs, which aim to provide assistance to individuals or communities in need, but are not necessarily tied to contributions made by individuals into the system.

Which Example BEST Illustrates Social Insurance