The Surviving Economic Abuse (SEA) charity has called on the life insurance industry to adopt new practices that would prevent the use of the product as a form of economic abuse within a new briefing.
Published today (8 November), the Life insurance and economic abuse briefing outlines several recommendations on how industry participants can help stop products being used within coercive and controlling behaviours both "during a relationship, and long after separation." It details how life insurance cover can be taken out without the policyholder's knowledge or consent, that joint life insurance policies cannot be split without both parties' consent, and that the opportunity for an abuser to financially benefit from a victim-survivor's life insurance cover has "been known as an incent...
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