What type of insurance to ensure no loss of property due to death

[Micah Starbuck]

Hello BP,

My wife and I are in the process of acquiring our second rental property and it's starting to dawn on me that if I should die, there would be a real possibility of my wife and future child could lose the properties we have.

With that in mind, I'm interested in what kinds of insurance policies people have.  I was thinking that maybe a Loan Protection insurance policy would be a good option in conjunction with a Life Insurance policy.  But I'm sure there's other options out there.

We haven't bothered setting up an LLC or S-Corp but now that we're expanding I'm open to doing so. Don't know if that changes anything but if it does I'd be interested to hear about it.

Tl;dr: What kind of insurance do people use to ensure their properties/loans are safe in the event of a death?