The article in question relates to 2020, but the mortality from 2021 was still only 8.977 per 1000 or an additional 9 deaths per 100,000 compared to 2020, so even if 2020 stats were delayed, they would have shown up by 2021. Between 2019 and 2021, mortality rates grew by an additional 19 per 100,000, which represents an increase of only 2.2%. This would suggest that a 15% increase in payouts can only partially be attributed to the affect of covid, but could include the fact that a greater percentage of the population purchased insurance during the pandemic, which would also mean premium revenues also increased a corresponding amount, unless those who recently purchased a policy died at a rate 5x greater than the general population?
Pandemic leads to highest life insurance payouts on record
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The article in question relates to 2020, but the mortality from 2021 was still only 8.977 per 1000 or an additional 9 deaths per 100,000 compared to 2020, so even if 2020 stats were delayed, they would have shown up by 2021. Between 2019 and 2021, mortality rates grew by an additional 19 per 100,000, which represents an increase of only 2.2%. This would suggest that a 15% increase in payouts can only partially be attributed to the affect of covid, but could include the fact that a greater percentage of the population purchased insurance during the pandemic, which would also mean premium revenues also increased a corresponding amount, unless those who recently purchased a policy died at a rate 5x greater than the general population?
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That's because you're overlooking the fact that many of those deaths occurred WITH health protocols in place, therefore making an apples to apples comparison, rather than the actual apples to oranges comparison which existed during the pandemic. Underwriting is a whole different world than selling.Doesn't sound like a pandemic.
