We only recently topped up our life insurance through super - that way fees are taken out of contributions & not directly out of our own pocket. Life insurance is also tax deductible.

We have enough to pay out mortgages and get kids through school with me not having to work for a few years if something happened to DH and for him to be able to stop work for a while and/or employ help if anything happened to me.

It's one of those things you hope you don't need to use for a very very very long time if ever. My parents have had it for years & when dad passed for mum knowing she was financially stable & had money to pay for funeral, bills, pay off mortgage etc was one less thing she had to worry about at such a stressful time in her life.