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.

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.

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hello there!

the graphics that you have attached within the question, indicates that few people in bolivia work in industry according to its labor force.

however, the graphic that is on the right side of the picture shows the gdp sector in bolivia. this gross domestic product is a macroeconomic magnitude   that shows the monetary value of all finished goods and services within a country's borders in a specific time period. in this case, the graphic is showing the monetary value in each sector -agriculture, industry and services- of bolivia in 2012.

so, although the first graphic located at the left side indicates that not so many people work in industry, this is the second most important sector according to the gdp metrics because of the monetary value that impacts on its country. it does not need to be the most valuable one. if it makes an impact on the country's economy, it will be definitely crucial to it.