Definition: You are given a conversation between two people. 'Person1:' and 'Person2:' are used to separate their respective dialogues. You are required to assign a label 'formal' if there is an absence of emotion and a presence of questions anywhere within the conversation. If such pattern is not found assign the label 'informal'.
Input:  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 . 

informal