In conformance with the naming of fire, flood, and collision insurance the policy that pays out in the event of your death should be called “Death Insurance”.
“Life Insurance” is what you should call your carry handgun.
Update: I woke up at 3:30 the next morning realizing it probably should “Life Assurance”. Then I found the comment from Publius who suggested “life ensurance”. But I can’t find a definition for “ensurance”. [shrug]