Finance and financial system

Ex. IV. Give verb which correspond to the following nouns

Noun	Verb
Protection
Loss
Agreement
Request
Payment
Investment
Retirement
Insurance

 

Ex. V. Fill in the blanks with words: agent, losses, risk, life, property, premiums, health, insurance, liability, protection

Most of us want to avoid financial_________. We want to cover our _________ and protect ourselves. Through an in insurance plan, we can get the _________ we want. There are________, ________, __________, and _________ insurance companies and plans. Determine your insurance needs carefully so that you pay_______ only for the coverage you need. Get the best ________ you can, with a company you've checked out. ________ should be part of your total money management plan.

 

Ex. VI. Discuss with your fellow-student the following questions:

1. Do you think it is possible to avoid all economic risks?

2. Why can the principle of insurance work better with a large group than with a small group?

3. How is liability insurance different from property insurance?

4. Why does government provide some forms of insurance?

5. Some people think that insurance really is not necessary. Do you agree? Why or why not?

6. What kinds of qualities would you look for in an insurance agent?