criminal-law california
Life insurance for security guards
<p>From <a href="https://www.guardianbooth.com/security-guard-shot/amp/" rel="nofollow noreferrer">here</a>, death rate of security guards is 1/1000 per year. Of the armed, professional guards its maybe 10x higher.</p>
<p>An average life insurance policy is $100 per month for a 30 year old, with a about a 0.001% monthly risk of death. That means, scaled for risk of death, a security guard would need 100x more or $10,000 a month life insurance. This is obviously far excess of their wage.</p>
<p>Since security guards are basically irrational and dont adequately value their lives, is it fraud for them to take out a life insurance policy? Not that they would, but if a security company took out policies for security guards would it basically either be impossible or a fraud conspiracy, given their risk of death is so under priced?</p>

<p>As long as a person applying for life insurance accurately discloses his or her occupation (and other relevant personal characteristics, such as age and health) in accordance with local law and the company's application form, there is no fraud.</p>
<p>The company may or may not charge a higher rate for people with high-risk jobs. That is a business decision for the insurance company, although it may be limited by law or regulation in a particular jurisdiction.</p>
