answer: #Person2# has life insurance and #Person1# took out a life insurance policy and make his wife beneficiary. They also discuss the conditions of the policy.
documents: #Person1#: I've just take out an insurance policy. Are you insured? 
  #Person2#: Yes, I am. I have life insurance and my home and its contents are also insured. 
  #Person1#: I took out a life insurance policy and make my wife beneficiary. 
  #Person2#: That's a good idea. You are a fireman and it can be a dangerous job. 
  #Person1#: I need to make sure that my wife will be financially secure if I die. 
  #Person2#: I can terminate my life insurance policy when I retire and use the money as a pension. 
  #Person1#: That's one of the conditions of my policy too. It covers you if you die before you retire and when you retire. 
  #Person2#: Did you have to take a medical before you could take out the policy? 
  #Person1#: Yes, I did. It was one of the conditions of the insurance policy. The insurance company need to assess the risk.