[ptsal]

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.

[Alberta's Child]

The bigger story here is that the biggest jump in life insurance claims was seen in GROUP insurance plans, not individual policies. That’s an important distinction because group plans are typically carried by employers and professional organizations, which means almost all the insurers are working-age people.

This is not likely to be a phenomenon caused by COVID, but something tied to motor vehicle crashes, drug abuse, crime, and perhaps even COVID “vaccine” side effects.