See your life flash by you
Currently 40% of UK households buy life assurance. Smokers will pay more for their premiums, as will professional racing drivers.
Kidnap and Ransom insurance is designed to protect individuals and corporations operating in high-risk areas around the world, such as Mexico, Venezuela, Haiti, and Nigeria. Hiscox's clients for this type of risk include 'key executives working in commercially sensitive positions and individuals whose wealth or fame may attract the attention of criminals'.
You can also protect yourself against alien abduction. It may sound ridiculous but 57,000 searches for 'alien abduction insurance' have been carried out on Google to date!
Without life insurance people could die leaving their mortgage debts still unpaid. Banks would then repossess their homes and dependents would be at risk of enormous financial hardship.