Life insurance is an umbrella term that can include coverage for death, total and permanent disablement, income protection and trauma insurance. Trauma insurance can help you financially as you recover from a serious illness or event such as cancer or having a heart attack or stroke. If you need to take out life insurance to protect yourself and your loved ones financially, you have three broad options – group life insurance, retail life insurance, or arranging life insurance yourself directly through an insurer (direct life insurance). In this eBook, we will explain the key differences, answer some FAQs the examine pros and cons of each insurance option.