If I were in the fortunate position of drawing a paycheck to stay at home and not required to actually produce any work, I'd be working on some of the hundreds of projects that I haven't had time for over the last few decades.
Many others, it looks like, may fill their free time with activities that are not in their best personal interests.
The S&P 500 has almost doubled since the pandemic lows, so even if life insurance claims are much higher, their investment portfolios are much higher, too. They should be okay.
If they aren't, they need to fire their accountants and actuaries, not ask taxpayers for bailouts.
1. If you are being paid to sit home and not do any work, it’s not likely that you’d be covered by a group insurance plan.
2. The nature of the insurance business dictates that it must be heavily invested in assets that maintain a very stable value and produce a reliable income stream. So the portfolios of these companies are comprised mainly of bonds, not stocks. See how the bond market has performed over the last two decades and then get back to us about how well these investments have done.
And maybe I missed something because I didn’t read the whole article … but are these insurance companies actually asking for a bailout?