Which statement best describes life insurance?

A.) It pays for doctor visits and preventive medical care.

B.) It replaces lost income and covers medical expenses.

C.) It provides benefits to loved ones after someone's death.

D.) It protects property against theft, accidents, or damages.

Question

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Leilani Sampson

16 December, 12:26

Which statement best describes life insurance?

A.) It pays for doctor visits and preventive medical care.

B.) It replaces lost income and covers medical expenses.

C.) It provides benefits to loved ones after someone's death.

D.) It protects property against theft, accidents, or damages.

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Answers (2)

Know the Answer?

Keagan Brady · Answer 1

D) it protects property against theft, accidents, or damages

Kenya Chan · Answer 2

The correct answer is "C".

Insurance is a product created by the financial system in order to secure an asset or condition. The insurance company will cover for expenditures related to the assured object once the need is triggered by a particular circumstance.

In the case of life insurance, the assured individual purchases as with the expectation that if he or she passes away, the insurance company will pay monetary compensation to the individual's family and cover for all costs of related to his death.

Which statement best describes life insurance?A.) It pays for doctor visits and preventive medical care.B.) It replaces lost income and covers medical expenses.C.) It provides benefits to loved ones after someone's death.D.) It protects property against theft, accidents, or damages.

Which statement best describes life insurance?

A.) It pays for doctor visits and preventive medical care.

B.) It replaces lost income and covers medical expenses.

C.) It provides benefits to loved ones after someone's death.

D.) It protects property against theft, accidents, or damages.