There are different types of personal insurance. You can take out personal insurance for death, disability, critical illness or one of the above alone.
Insurance that pays compensation in the event of death due to illness or accidents is called life insurance. If you want to secure your finances in the event of disability or critical illness, you can take out separate or combined insurance for this, in which case you must complete a medical declaration form.
If no one else is dependent on your income, it is usually sufficient to take out disability insurance. For cohabitants, personal insurance is often a better solution than credit life insurance (which cancels debt in case of death).
