ELI5 Life Insurance - why couldn't the Apollo 11 crew get any?

How does life insurance actually work? What is the difference between term and whole life insurance? How do life insurance companies make money if everyone already dies? How do my lifestyle and health affect my premiums? How did a horror movie use life insurance to sell movie tickets? What happened when the astronauts of Apollo 11 tried to buy life insurance? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: querycrook, lord_probability, andrewtyne, demanbmore, babybunnybelly, longhorninnebraska, upset_force66 and blipsman To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Send us an e-mail: [email protected]