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Life Insurance Payouts Skyrocketed Last Year as Deaths Surged in 2021 Following Vaccine Rollout

The global life insurance industry reportedly paid out $5.5 billion in just the first nine months of 2021, a 57% increase over the $3.5 billion in payments made for the entire year in 2020. The increase in payments coincided with the rollout of Covid vaccines, which insurance companies believed would reduce death rates.

 

Summary by JW Williams

The global life insurance industry reportedly paid out $5.5 billion in the first nine months of 2021 versus $3.5 billion in pay outs for the whole of 2020, a 57% rise in just nine months. The increase in payments coincided with the rollout of vaccines, which insurance companies believed would reduce death rates.

Mainstream media and some insurance companies blame COVID-19 for the excess deaths while failing to consider that the reported rise in death rates could be due to injuries from COVID-19 vaccines. Claims reportedly rose most in the United States, India and South Africa.

Dutch insurer Aegon, which does two-thirds of its business in the United States, said its claims in the Americas in the third quarter were $111 million, up from $31 million a year earlier. Reinsurer Munich Re raised its 2021 estimate of COVID-19 life and health claims to 600 million euros from 400 million.

Life insurance trade association LIMRA reported to Reuters that Americans who held life insurance polices suffered 12% more deaths than average in 2020.

As we have previously reported, the CDC has failed to provide an accurate death rate for 2020, and instead reported a “provisional” death rate estimate. Read our report here: https://needtoknow.news/2022/01/cdc-changes-its-numbers-from-2902664-total-deaths-in-2020-to-to-3358814-provisional-deaths/

 

Source:

Reuters article link

 

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