Which type of insurance provides temporary income during periods of involuntary unemployment?

Prepare for the Western Governors University (WGU) HRM5010 C202 Test. Utilize flashcards and multiple-choice questions with hints and explanations to ensure you are well-equipped for your exam!

Unemployment insurance is designed specifically to provide temporary financial assistance to individuals who find themselves involuntarily unemployed. This type of insurance aims to support those who are laid off from their jobs, helping them to sustain themselves while they seek new employment opportunities. It plays a crucial role in the broader social safety net, ensuring that workers have a financial buffer during challenging times, which helps to stabilize their economic situation and reduces the stress associated with job loss.

The other options pertain to different aspects of employee support and benefits. For instance, Social Security is primarily focused on providing retirement benefits and can also offer disability benefits, but it does not specifically address temporary income for the unemployed. The Family and Medical Leave Act (FMLA) is related to job protection during family or medical leave but does not provide financial support. Lastly, workers' compensation is designed to cover medical expenses and lost wages due to work-related injuries rather than unemployment. Each of these options serves distinct purposes, highlighting the specialized nature of unemployment insurance in the context of job loss.

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