What is personal life insurance, and how does it work?

Personal life insurance is financial protection for your family if anything unexpected happens to you. If you pass away, your loved ones can receive a one-time insurance payout. This can help cover everyday expenses, repay loans or ensure financial stability for the future. 
In addition, you can also choose accident insurance, which provides compensation in the event of injury or damage. In this way, insurance provides additional protection and helps in unexpected situations. 
Personal life insurance is particularly important for those whose family members are financially dependent on them, as well as those with long-term financial obligations, like a mortgage.