I agree with the vast majority of your posts but here you are applying US law and standards to what appears to be a Pacific rim country, probably the Philippines. As I am reminded over and over, life can be very cheap there. Two opposing political factions, the great cue builder Edwin Reyes got involved. He was one of the lowest men on the totem pole, lacking great wealth or political clout. He was assassinated in front of his children for what he said.
Where they were at fixing a match is much more dangerous than doing it in the lower forty-eight unless I am mistaken. However I know of a person killed for a $2000 bad debt here in the US, another killed for less than a thousand. The guy killed for $2000 was a mafia hit. Any time you are taking a person's money, legally or illegally, you need to know how they will react.
I do think a lifetime ban would be over the top. Suspension until a decision is reached is a bit rough in itself. The case seems cut and dried now especially with the apology but I believe the suspension came well before that. I believe a two to five year ban depending on details.
Most people aren't really thinking about what they are doing when they buy life insurance. You are betting you will die younger than the average person in your position, they are betting you will live out your allotted time and then some.
I never liked the end of the bet I was taking! I knew a man that almost certainly killed himself for a two million dollar insurance policy. That was twenty-five years or so ago but I am sure his family would have much rather had him.
Hu