SEA calls for industry action to stop life insurance-based economic abuse

New briefing published by charity

John Brazier
clock • 2 min read

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...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: New partnerships, growth and industry movers

The COVER Review: New partnerships, growth and industry movers

Week commencing 27 January 2025

COVER
clock 31 January 2025 • 1 min read
Third of pensioners' income is used to pay off a mortgage

Third of pensioners' income is used to pay off a mortgage

14% of those still paying off their mortgages are retired

Jaskeet Briah
clock 31 January 2025 • 3 min read
Insurance United Against Dementia reaches £10m fundraising goal

Insurance United Against Dementia reaches £10m fundraising goal

More than 130 insurance organisations involved

Jaskeet Briah
clock 30 January 2025 • 2 min read