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Business English Exercises
 

Insurance Policy Vocabulary

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Home > Teaching Business English > Business English Lessons, Advanced Level # 46
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I took out a life insurance policy with State Ranch Insurance Company last week.

Correct answer: (b) policy

Meaning of "policy"
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My insurance premiums are only $70 per month.

Correct answer: (c) premiums

Meaning of "premiums"
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In the event of my death, the beneficiary will be my widow.

Correct answer: (d) beneficiary

Meaning of "beneficiary"
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My insurance does not cover me if I commit suicide.

Correct answer: (b) cover

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501 Business English Exercises — Printable, photocopiable.
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The amount of money that my wife will get has already been calculated by State Ranch's actuary.

Correct answer: (c) actuary

Meaning of "actuary"
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If I decide that I no longer need my insurance, I can cash it in for the amount of its surrender value.

Correct answer: (b) surrender

Meaning of "surrender"
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Before I got the insurance, I had to receive a complete physical examination.

Correct answer: (d) examination

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I am feeling great, because the doctor told me that I have a life expectancy of 82 years!

Correct answer: (c) expectancy

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Even if I am late in paying, the insurance remains in effect for a grace period of 30 days.

Correct answer: (a) grace

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The insurance is pretty expensive though: I am a policeman, so there are a lot of occupational hazards.

Correct answer: (c) hazards

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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