Boys inherit the family name and land, and provide an old-age insurance policy.
Congress began trying to provide old-age insurance for something close to 100% of the population as early as 1939, before the first Social Security benefits were paid.
Moreover aspects such as mutual care within traditional gender roles and bringing up children as a form of old-age insurance had huge practical importance and were much more important than romantic love.
Six days later, the Supreme Court upheld the old-age-insurance provisions of the Social Security Act.
We like the original name better: Federal Old Age, Survivors and Disability Insurance.
He also recommends that single people, who may not have family who could care for them in old age, to seriously consider long-term care insurance as well.
One of the provisions -- one of the reforms we want is to make sure that your 26- or 27-year-old could, up until that age, could stay on your insurance, so that once they get out of high school and college, they can stay on their parents' insurance for a few years until they've got a more stable job.
WHITEHOUSE: "White House to Main Street" Town Hall: Elyria, OH
Then there is Medifund, a safety-net program for the bottom 10 percent of income earners, and Eldershield, a private insurance program for long-term care for those with old age-related disabilities.
The study, sponsored by the Allstate Foundation, an arm of Allstate Insurance, interviewed 1, 025 teens age 14-18 years old, from February 5-15 this year.
FORBES: Teens Are Getting More Optimistic About Their Financial Future
An idea often floated in Congress to reduce spending on Medicare by raising the eligibility age for the federal health insurance program for the elderly from 65 to 70 years old would jack up costs per person for those seniors left in the program by 12 percent, if implemented.
FORBES: Study: If Medicare Eligibility Rises To 70, Costs Soar For Seniors Left In Program
The biggest problems: It is voluntary, and it attempts to combine a new benefit for working people with disabilities with a true insurance program for those looking to hedge against the risk of long-term care in old age.
Private long-term care insurance can be an important tool to protect against the risk of needing costly personal assistance in old age.
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