[speaker001:] I 'Ve just take out an insurance policy. Are you insured?
[speaker002:] Yes, I am. I have life insurance and my home and its contents are also insured.
[speaker001:] I took out a life insurance policy and make my wife beneficiary.
[speaker002:] That 's a good idea. You are a fireman and it can be a dangerous job.
[speaker001:] I need to make sure that my wife will be financially secure if I die.
[speaker002:] I can terminate my life insurance policy when I retire and use the money as a pension.
[speaker001:] That 's one of the conditions of my policy too. It covers you if you die before you retire and when you retire.
[speaker002:] Did you have to take a medical before you could take out the policy?
[speaker001:] Yes, I did. It was one of the conditions of the insurance policy. The insurance company need to assess the risk.