Back in early January of this year, OneAmerica Life Insurance CEO Scott Davison shared great concern over the 40% INCREASE in death rates, primarily among working-age people, that his insurance company saw over pre-pandemic levels.
“We are seeing right now the highest death rates we have ever seen in the history of this business. Not just at OneAmerica; the data is consistent across every player in that in that business.”
Now, this 40% number is truly staggering. Scott went into detail on why that is.
“What we saw just in the third quarter; we’re seeing it continue in the fourth quarter is that death rates are up 40% over what they were pre-pandemic. Now, just to give you an idea of how bad that is, a three-sigma or a 1-in-200-year catastrophe would be a 10% increase over pre-pandemic. So 40% is just unheard of.”
He also said, “The deaths that are being reported as COVID deaths greatly understate the actual death losses among working-age people,” thus opening the door for “It could be because of the vaccine.”
You can watch that video on my Telegram page.
Fast-forwarding to today, life insurance companies’ payout reports confirm, “The data is consistent across every player in that business.”
The Highwire did a great job creating these charts. Please sign up for their newsletter at the bottom of their home page if you want to see the raw data.
First, let’s look at Metropolitan Group.
There’s not much of an increase from 2020 to 2021, but “That should have gone down” if we actually had an effective vaccine.
Mass. Mutual
Uh oh. We have a “stepped-chart,” jumping from around $2.65 billion in 2020 to about $3.1 billion in 2021.
New York Life Group
“Similar stepped-pattern.” About $2.75 billion in payouts in 2020 and $3.1 billion in 2021.
Prudential of America Group
Similar story. Just over $3 billion in 2020 up to $3.4 billion in 2021.
Northwestern Mutual Group
The worst one yet with a full one billion dollar increase from 2020 to 2021.
Del Bigtree: “$1 billion over the year where we had this supposed deadly pandemic. Our savior cure comes in. Now, $1 billion more is being paid out than even that year. It’s really — it’s astounding.”
Now, let’s turn those numbers into percentages and see how they look compared to pre-pandemic levels.
New York Life Group - A little over 30% change.
Northwestern Mutual Group - Over 35% change.
Mass. Mutual - Approaching a 45% increase!
Prudential of America Group - Nearly a 20% rise.
Metropolitan Group - A 25% change.
“There it is, folks.” Our savior, our ‘safe and effective vaccine,’ is associated with death rates far beyond the 10% increase from a 1-in-200-year flood. To reiterate. “40% is just unheard of,” and the total for 2021, averaged from all of these companies, is about a 31% increase from pre-pandemic levels. Unbelievable.
'That Should Have Gone Down': Life Insurance Companies Across the Board See Staggering Increase in Death Benefit Payouts