The long-term nature of life insurance products – often lasting 20 years or more – means premiums are not yet capturing the risk that deaths or long-term illness from COVID-19 will likely remain higher than previously estimated. Competition in the industry is also keeping a lid on premiums.
Actuaries say rising claims will be eating into the capital which insurers set aside to ensure solvency.
In the initial “shock” period of the pandemic in 2020, the insured U.S. population suffered 12% more deaths than average, according to research from life insurance trade association LIMRA shared with Reuters.
Next up: they will start claiming Covid is “an act of nature”.
...claims due to COVID-19 of $5.5 billion in the first nine months of 2021 versus $3.5 billion for the whole of 2020, according to insurance broker Howden in a report on Jan 4, while the industry had expected lower payouts due to the rollout of vaccines.
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The “vaccines” are not real vaccines, thus the problem.
Higher payouts mean they bet folks would live far longer than they did, usually.
So I’m guessing these were in younger people than in 2020.
Ivermectin would have cured it two years ago.
Note to actuaries:
The FEDERAL government is LYING to you about the virus AND the vaccines.