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Otto Von Bismarck introduced old-age social insurance in Germany in the late 19th century to address social unrest and prevent the rise of socialism by providing a safety net for elderly workers. This system helped stabilize the country by promoting social welfare and demonstrating the government's care for its citizens.

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Q: Why did otto von Bismarck make the old-age social insurance?
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Is their a amount of money a retired person can make if he is on social securty?

Yes, retired individuals who receive Social Security benefits can work and earn a limited amount of money without affecting their benefits. This is known as the Social Security earnings limit. Once their earnings exceed this limit, their benefits may be reduced.


Does it make sense to purchase disability insurance at age 72?

It may be challenging to obtain affordable disability insurance at age 72 due to increased risk factors. It's best to compare quotes, consider any existing coverage or retirement benefits, and assess your financial situation to determine if it's a worthwhile investment. Consulting with a financial advisor can provide guidance tailored to your specific needs.


Can you collect from a Gerber life insurance policy after you turn 21?

Gerber life insurance policies typically require you to be the policyholder to make claims. If you are the insured of the policy, you may be eligible to collect benefits, regardless of your age. It's best to review the specific terms of your policy or contact Gerber Life Insurance directly for assistance.


Is there a insurance company that will insure a 86 year old male with life insurance?

Some insurance companies may offer life insurance to an 86-year-old male, but the premiums may be high due to age-related risks. It's best to research and contact insurance providers that specialize in policies for seniors to explore options. Meeting with a licensed insurance agent can also help in finding suitable coverage.


Are physical mental and social the 3 aspects of health?

Yes, physical, mental, and social are three aspects of health that make up overall well-being. Physical health refers to the state of the body, mental health refers to emotional and cognitive well-being, and social health refers to relationships and interactions with others. Balancing these aspects is important for maintaining a healthy lifestyle.

Related questions

When receiving a life insurance check why do they need your social security?

the insurance people want to make sure the cheque is going to the right person.


What prediction did Bismarck make?

War will start in the East.


Who pays social insurance?

Government or Local Civic Body make a provision in their budget for the payment of the premium paid towards insurance provide to the economically weaker section of the society.


Why did Bismarck give sufferage to males?

to make the world even for some people


How much do you get monthly income on social security disability income?

How much money can I earn monthly while on Social Security disability Insurance


What were Otto von Bismarck's goals?

To make Prussia the dominant power in Germany and Northern Europe


What are the importance of psychosocial development?

Psychosocial development is important because it encompasses the emotional, social, and psychological growth individuals experience throughout their lives. It influences how individuals form relationships, cope with challenges, and make sense of the world around them. A healthy psychosocial development is essential for overall well-being and successful navigation of life's demands.


How long does it take to get an AIG auto insurance quote?

Depending on the auto insurance provider you can get an auto insurance quote within a few minutes online or by calling their customer service line. You will need your car make and model, and some may ask for your social security number.


Stop paying social security tax when you make?

When you have one employer the amount of FICA ((OASDI) Old Age Survivor and Disability Insurance) for your social security would stop once your wages with the withheld social security amount reach 106800 and social security amount withheld would be 6621.60


How much does an insurance broker make?

How much can a insurance broker make


How can one get car insurance from Churchill Insurance?

To get insurance from Churchill Insurance you must make an appointment with a representative and make an account. They will give you forms to fill out for the car insurance.


What alliances did German Chancellor Bismarck make?

The German Chancellor Otto Von Bismarck created a fixed military alliance during peace time was a new concept for 19th century Europe. Bismarck is given credit for establishing an Austro-German alliance. He also induced Russia to return to the Three Emperor's League, which for a time they did. Bismarck also created a defense alliance with Rome. This was a protection against a French attack. Bismarck was also the force behind the Triple Alliance of Germany, Austria-Hungary and Italy.