English Language Proficiency Tests-Advanced Level''''sarchiveReal Life: Insurance Terms (2) pdf

is a person who is named by a policy holder and compensated by an insurance company when a policy holder dies.. This person is the one who receives the money that is paid out by the insu

English Language Proficiency Tests-Advanced Level's

archive

Real Life: Insurance Terms (2)

1.A is a person who is named by a policy holder and

compensated by an insurance company when a policy

holder dies This person is the one who receives the

money that is paid out by the insurance company

broker

agent

beneficiary

bond

2.In the United States, a payment is a partial

payment made by a person who received medical care

while covered under a group medical insurance plan

un

co

pre

post

3.Some insurance policies include disability These

are compensation terms that are in place should a policy

holder become partially or fully disabled in the event of an

unforeseen accident

orders

statements

quotes

benefits

4.In order to lower insurance premiums, some people opt

for a This is an agreed upon amount that must be

paid by a policy holder before an insurer pays out any

compensation

deductible

association

surcharge

fee

5.If a person fails to pay their insurance premiums on time,

his/her account will fall into a state

delinquent

rate

condition

total

2.When people enter into a insurance policy, they do

this so their families are taken care of and compensated

should the insured parties die

death

life

demise

dying

7.A no- insurance plan means that your own

insurance company pays you for any injuries and/or

property damage that occurs in minor accidents —

regardless of who is to blame for the accident

error

fault

circumstance

run

8.An insurance policy is coverage that is continued

past the specified, original term dates

renewal

sign

exam

rental

9.A option is alternative method of payment, other

than a lump sum payment, that a beneficiary can choose

when a pay-out is underway

state

provincial

settlement

choice

10.Workers' insurance is a policy that is taken out

by companies in the event employees are injured or killed

at work

compensation

job

employers

requirement