Trauma cover is a form of life insurance that provides a lump sum benefit if you experience a specified form of medical trauma. This trauma can be a critical illness or a critical injury – and some insurers allow you to select which of these you wish to be insured for.
Income protection insurance is essential for all people who would suffer financially if they were unable to earn income from working. This includes single people whose own lifestyle would suffer if they were unable to earn income as well as people who have financial dependents, such as parents.
Many people regard life insurance as a grudge purchase. Something they have to buy, not something they want to buy. This is exactly the wrong way to think about things. After all, how many things do you buy and hope you never use?