At first I thought “India” was a typo, because of this story that was posted on FR within the past couple of days:
Indiana life insurance CEO says deaths are up 40% among people ages 18-64
(The Center Square) – The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people.
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”
OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.
” The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people”
I work in employee benefits and one product I sell is group life insurance. I have not seen the 44% increase in deaths and several other posters who post here who work in the same buisness have said they have not either.
The carrier in question may specialize with blue collar groups with lower wages -people who have higher drug use and suicides.
Too many factors.
Nearly all my carriers have not had rate increases or some have had rate decreases or payment holiday where the group does not have to pay the premium for a month. ..not a sign of 44% in deaths and claims.
It’s worldwide.