Question

understanding insurance benefits
determine which statement is true regarding insurance.
insurance protects
you financially
from accidents and
illness
insurance does not
protect you
financially from
accidents or
illness
insurance is only
used for
businesses
insurance is never
required for
businesses

Explanation:

To determine the true statement about insurance, we analyze each option:

• The first option: "Insurance protects you financially from accidents and illness" is correct. Insurance (like health, auto, etc.) provides financial coverage for accident - related costs (e.g., car accident repairs/medical bills) and illness - related expenses (e.g., hospital stays for an illness).
• The second option is wrong as insurance does protect from accidents/illness financially.
• The third option is wrong because individuals also use insurance (e.g., health insurance for personal use, home insurance).
• The fourth option is wrong as many businesses are required to have insurance (e.g., liability insurance for a business), and some individuals may also be required to have certain insurances (e.g., auto insurance in many places).

Answer:

The first box (with the text "Insurance protects you financially from accidents and illness")