Life Insurance is a very popular form of protection insurance. The main reason for its popularity is that it is relatively affordable and offers protection for your family should you die. Many people take life insurance on a decreasing basis; this could be to protect against a mortgage and ensure that should you die, your mortgage would be paid off.
Others may take the insurance to provide family with an income, this would be an ideal form of cover should you be the main bread winner in the family and those left behind are likely to struggle without your income.
Overall it is easy to see the populartiy of this form of protection and it is definately worth considering getting some if you have not got it already.