create a national registry for citizens to designate a default beneficiary for all life insurance policies insuring them

Insurers should be required to pay life insurance policy benefits to an entity designated by the person whose life is insured, not whoever pays for the policy. A national registry should be created for each citizen to privately designate who should be paid benefits in the event of their death and an insurance policy pay out. This would prevent anyone from profiting by taking out an insurance policy for the life of another, because there would be a regulatory body in place to prevent benefits being paid to them.