Beneficiary in life insuarance

This new awareness of the domestic violence problem has also created a new problem. This new problem stems from the insurance companies using the domestic violence as a condition in which it may restrict coverage, deny coverage, or increase the rates for the victims of domestic violence. From the health insurance companies’ perspective, the domestic violence victim has a potentially increased use of medical facilities because of the assaults from their abuser. The insurance companies view the increased use as the increased cost in providing for that individual which would be an increased cost to the consumer or a reduction in coverage as they do with many other conditions.

The insurance companies are in a business. This business is to take a calculated risk by providing payments for medical expenses as they arise in return for a monthly premium. The underlying policy is to charge rates in accordance with the risk involved, and ultimately to make a profitable investment. By using characteristics involved with domestic violence, the insurance companies are following their policies associated with the risk analysis of providing coverage to an individual.

Dear,

If the court of law has not restrained/stopped/ordered to the person(s) he/she can change the name of beneficiary name during the life times as per my knowledge. It is one wish to make one beneficiary or not.

rajiv chauhan

advocate