Another insurance company reveals 163% more in paid out for deaths of working people ages 18-64 in 2021.
OneAmerica, a giant 100 billion dollar insurance provider, reported a few weeks back that death rates are up 40% in 2021 over pre-pandemic numbers. Also Prudential and Northwestern Mutual show a significant increase in the number of deaths. Now the fifth largest life insurance company in the US, Lincoln National, paid out 163% more for deaths of working people ages 18-64 in 2021. Total claims and benefits up $6 billion. "The total loss ratio was 88% in the current quarter compared to 87% in the prior year quarter, with the increase driven by unfavourable non-pandemic related morbidity and unusual claims adjustments."
Comments
Post a Comment