Final answer:
Government-provided involuntary social insurance includes Social Security and Disability insurance, which are funded through mandatory contributions. These social insurance programs offer financial support in retirement or disability, distinguishing them from voluntary private insurance like Term and Whole life insurance.
Step-by-step explanation:
The forms of involuntary social insurance provided by the government include Social Security and Disability insurance. These programs are funded by mandatory contributions from workers' earnings and are designed to provide a safety net in cases of retirement, disability, or other scenarios where individuals may require financial assistance. Unlike Term life insurance and Whole life insurance, which are voluntary and purchased through private companies, government social insurance programs are compulsory and managed by the state or federal governments.
Retirement insurance such as Social Security and Medicare are examples of government-managed social insurance programs where workers pay a percentage of their earnings. Although not considered insurance in the traditional sense since contributing individuals are not presently eligible for benefits, these programs function similarly by providing income and healthcare benefits to the elderly or disabled in the future.