4 Life Insurance Companies report unprecedented increase in deaths of working age people in 2021, not covid related
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4 Life Insurance Companies report unprecedented increase in deaths of working age people in 2021, not covid related
CEO of One America Life says the data is consistent across every player in the business.
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In 2019, the year before the pandemic, Lincoln National paid out $500 million in life insurance benefits for working age people, 18-64.
In 2020, during covid, the number increased 9%, to $548 million.
In 2021, though, they report paying out $1.4 BILLION - an increase of 163% over 2020.
Prudential, Northwestern Mutual, and One America Life have similar reports.
What could be going wrong? 🤔
This newspaper faithfully reports the facts but leaves speculation to the readers.
As “2nd Smartest Guy” reported on July 3:
“First it was CEO Scott Davison of OneAmerica who in January disclosed that deaths were up 40% among people ages 18-64:
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica. The data is consistent across every player in that business.”
And now we have the CEO of Lincoln National, the fifth largest life insurance company in America, corroborating the 40% surge in all-cause mortality.
These are one in a trillion year type events. You could add the mortalities from WW1 and WW2 and still not get such increases in death. This is staggering.”
In 2021, Lincoln National reported a 163 percent increase in death benefits that were paid out under their group life insurance policies.
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For more information: https://www.thecentersquare.com/indiana/article_71473b12-6b1e-11ec-8641-5b2c06725e2c.html
