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