a. Explain the basic characteristics of social insur- ance programs.

b. List the major social insurance programs in the United States.

d. Tyler, age 35, recently purchased a house for $200,000 that is located in an area where torna- does frequently occur. He wants to make certain that funds are available if the house is damaged or destroyed in a tornado.

e. Nathan, age 40, owns an upscale furniture store. Nathan wants to be protected if a customer is injured while shopping in the store and sues him for the bodily injury.