I've heard enough stories about life insurance (especially related to mortgage insurance) where they try to weasel out of paying. I guess it's better than nothing at all, but I wouldn't count on life insurance 100% to pay in the case of death. If they can find a way to not pay, they will find it. There was a recent case on the news in Canada where this guy died, and the insurance company refused to pay up, because he was on a medication off-label, and it was a heart medication, but he was on it for some other reason so he didn't list it as heart medication. This guy died of a heart attack. Even though the insurance company had every single medical record (including why he was on the meds) they denied the claim because he didn't let them know he had a heart condition (even though he didn't know and couldn't have known). 
Also, the law as it is, if your adult child gets in a head on collision and dies, the insurance company can say it *might* have been suicide so they don't have to pay. EVEN IF someone ELSE is found responsible in a court of law, it doesn't matter. Insurance companies can still deny those claims on LESS than 'reasonable suspicion'.
Honestly, there is no way to win here.
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