If unable to pay its legal obligations to creditors, the owner(s) might be forced to surrender personal assets to satisfy those debits.

Which of the following statements regarding Social Security disability is NOT correct?

A) In order to qualify for benefits, a disability must be expected to end in death or total deafness. B) There is a 5-month waiting period to receive benefits. C) A person who has paid FICA taxes and has earned at least 6 credits during the last 13 quarters is considered currently insured. D) The disability is expected to last for at least 12 months.

When you borrow on a mortgage to buy a new home, the lender will require you to purchase

A) life insurance. B) homeowner's insurance. C) disability insurance. D) the lender will require you to purchase all three types of insurance to protect their loan.