This type of insurance will provide a lump sum payment to elected beneficiaries at the event of the insured's death or diagnosis of a terminal illness. The benefit amount would vary from insurer to insurer and would also depend on the amount elected by the insured. However, insurers commonly offer cover for up to $1 million. Life insurance may also be linked with other types of insurance (e.g. trauma insurance) for those who wish to have a more comprehensive level of protection.