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 . 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. 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. 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