Which of the following statements about the ‘Life Insurance’ section of the lecture material are TRUE:

1. Life insurance policies that bundle a savings product together with death cover in one policy can be a good option for people who would like to make sure that they receive a payout at age 60 whether they live until 80 or die prematurely before the age of 60.
2. Trauma insurance pays a lump-sum amount upon diagnosis of a serious illness, such as cancer. This could be a useful form of insurance if someone has a history of a particular type of cancer in their family.