Quote:
Originally Posted by texassapper
From 2019, the last normal year before the pandemic, to 2020, the year of the Covid-19 virus, there was an increase in group death benefits paid out of only 9 percent. But group death benefits in 2021, the year the vaccine was introduced, increased almost 164 percent over 2020.
Here are the precise numbers for Group Death Benefits taken from Lincoln National’s annual statements for the three years:
2019: $500,888,808
2020: $547,940,260
2021: $1,445,350,949
Fifth largest life insurance company in the US paid out 163% more for deaths of working people ages 18-64 in 2021 If this plays out across all insurance companies... they're going to get destroyed...
Is it wrong to laugh at the COVID sheep as they die? Asking for a friend....
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I don't think I believe this. See page 66 of their annual report / 10-K:
https://www.lincolnfinancial.com/pbl...lders-2021.pdf
The "precise number" of death claims, direct and assumed, by year is as follows,
2019 $4.594 billion
2020 $5.521 billion
2021 $5.866 billion
So there was a big jump after COVID started.
The death claims per $1,000 of in-force insurance were as follows,
2019 $2.92
2020 $3.21
2021 $3.05
So the death claims adjusted for insurance in force actually went DOWN from 2020 to 2021.
I don't see anywhere in the annual report where they break out death benefits for people 18 to 64. If you find that please point us toward it.