Life-Insurance Payouts Hit Record $100 Billion in 2021

U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year ofPayouts rose 11% in 2021 to $100.19 billion, most likely due to the pandemic, according to the American Council of Life Insurers. The increase was on the heels of a 15% year-over-year rise in 2020, when death-benefitThe ACLI compiles data from annual filings by insurers to state insurance departments.

The Delta deaths substantially boosted payouts under employers’ benefit programs, though most of the $100 billion came from individually owned policies, according to ACLI data.one of the nation’s biggest sellers of term-life policies, said it was tragic last year to see young families hit with Covid-19 deaths. In two instances of term-life policies sold by her Phoenix-area office, policyholders left behind three or more children.

Primerica said companywide death claims increased about 34% in 2021 to $2.25 billion, up from $1.69 billion.. In quarterly earnings, some reported jumps in death claims that they believe are tied to delays in medical care as a result of the 2020 lockdowns, and then, later, people’s fear of seeking treatment, as well as trouble lining up appointments.

Source: News Formal (newsformal.com)

Pandemic of the 💉 🤷‍♀️🧐

JimmyPatronis Due to the government response to the pandemic. So many screenings and surgeries postponed or missed entirely. Devastating.

Send the bill to the republicans ..

Vaccine

Record payout? Unexpectedly of course.

Hold on ... I thought the covid vaccines were a modern marvel and had stopped covid in its tracks Or could it be that these deaths are not due to covid?

AKU INGIN SIAPA YANG MENYURUH AKU MEMBAYAR REKENING AIR DIHUKUM MATI....!!!!

Wait until they see the vaccine number deaths this year!!!!!

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