Vocabulary focus

Ex. 1. Complete the table.

Verbs	Adjectives	Nouns
1. to provide
2.	insured
3. to specify
4.	prohibitive
5.		purchase
6.		protection
7. to require

Ex. 2. Say in one word.

1. An arrangement with a company in which you pay them money and they pay the costs if anything bad happens to you, such as an illness or an accident.

2. A contract with an insurance company, or an official written statement giving all the details of such a contract.

3. The member of a family who earns the money to support the others.

4. The cost of insurance, especially the amount to pay each year.

5. A traditional type of life insurance that provides basic life insurance protection.

6. A type of term insurance provided by employers for their employees.

7. A type of term insurance in which event the face amount is constant and the premium increases periodically.

8. The amount of protection given to you by an insurance agreement.

______________________________________________________________________________________________________________

Words for reference: premium, coverage, term insurance, face amount insurance, breadwinner, insurance, policy, group life insurance.

Ex. 3. Fill in the gaps with the suitable prepositions.

1. Some companies may write term policies ___ younger persons solely ___ the basis of written questions.

2. Person ____ certain risky occupations may not be able to obtain term insurance at all.

3. Many policies provide ____ level premiums ___ period ____ to five years.

4. Term insurance is also sold ____ bargain prices ____ connection ___ or as a sweetener ___ other types of life insurance.

5. The insurance is offered ____ different organizations ____ their members.

6. The policies are usually extremely expensive ____ the coverage provided.

Ex. 4. Give Russian equivalents.

To provide protection, face amount, at a modest cost, risky avocations, specified age, additional premium, to remain constant, insurance coverage, consumer loans, mortgage insurance.

COMPREHENSION

Ex. 1. Complete the following sentences using the text.

1. … … provides solely death protection for a fixed period of time such as one, five, or ten years.

2. … … of the policy is paid only if the insured dies within the time or term stated in the policy.

3. Term insurance is … …, based on actual data on the probability of death occurring within the fixed period of the policy.

4. Term insurance policies usually require a … … .

5. Term insurance policies are usually … for additional terms.

6. … … … is a type of term insurance usually provided by employers for their employees.

7. … … for the group life insurance is usually lower than for the insurance that could be purchased individually.

8. Term insurance may be either … … insurance or … … .

9. A very common kind of declining balance insurance is … … or … … required by many lenders when they make small consumer loans.

10. … … … insurance is also sold through magazine or newspaper advertisements.

Ex. 2. Answer the questions.

1. Why is term insurance called pure insurance?

2. What are the variations in price quotations based on?

3. Why is the premium for group life insurance lower than that of individual life insurance?

4. What kind of term insurance do you know?

5. What is a declining balance insurance?

Ex. 3. Speak about the use of term insurance.

T e x t 3