There are a lot of types of insurance available for each individual needs and preferences. One type I know is the disability insurance because my father applied for himself. This type of insurance is applicable to those who are chronically ill or with long term disease or those who are not capable of working anymore.
This is to ensure the policy holder and family that they would be left with nothing when faced with financial hardships brought about by the sickness. It is a good thing my father availed of this type of insurance because this will help us a lot with his medications as well as with his hospitalization.