Basically, a personal life insurance policy aims at protecting your beneficiaries after you die as it pays a lump sum amount that is tax free to your chosen beneficiaries. It thus ensures that they are able to pay your debts and maintain their living standard after you are gone and therefore can give you peace of mind knowing that your beneficiaries are protected financially. It might cater for your burial expenses too. Personal Disability Insurance Plan A personal disability insurance policy defines disability as inability to work in your trained occupation as you used to. It protects you against permanent or total disability that might result from an injury, illness or accidents. In the event you sustain disability, you are paid a lump sum amount that helps you cope with adjustments and medical expenses. Additionally, it provides a monthly payment to replace your lost income. Critical Illness Insurance Plan This plan protects you against critical illnesses like cancer, heart diseases and stroke just to mention a few. It is also known as trauma policy cover. You are given a lump sum amount upon diagnosis of a critical illness and this ensures that you are able to cover additional treatment costs. Long Term Care Insurance Plan Long term care insurance policies cater to you during your old age if you need extra cash for home care. Additionally, it can help pay private facility expenses. Personal Health Insurance Plan A health insurance plan covers a portion of your health expenses. It is designed to offer you and your family members in-patient and out-patient health care.