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'insurance policy' vs 'insurance agreement'



 
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Difference between among and between | Idiom: "I got into"
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'insurance policy' vs 'insurance agreement' Wed Nov 07, 2007 13:29 pm  'insurance policy' vs 'insurance agreement'		  
Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", question 1

I took out a life insurance ......... with State Ranch Insurance Company last week.

(a) contract
(b) policy
(c) agreement
(d) deal

Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", answer 1

I took out a life insurance policy with State Ranch Insurance Company last week.

Correct answer: (b) policy
_________________________

HEY I WOULD LIKE EXPLANATIONS ABOUT THE ANSWERS..

THANKS
Jurak
Jurak
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'insurance policy' vs 'insurance agreement' Wed Nov 07, 2007 14:17 pm  'insurance policy' vs 'insurance agreement'		  
.
'Policy' is the correct word for a contractual agreement between a policyholder and an insurance company.
.
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Difference between among and between | Idiom: "I got into"
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