The statement that best describes disability insurance is: It replaces lost income and covers medical expenses.
Insurance can be defined as an insurance coverage that help to cover medical expenses or medical costs.
Disability insurance help to replace the loss income that the affected person has loss as a result of the disability.
It as well cover all the medical expenses as the person does not need to pay for medical expenses thereby saving costs.
Inconclusion disability insurance is: It replaces lost income and covers medical expenses.
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