Posted on 06/20/2022 7:13:38 AM PDT by Jan_Sobieski
Five months after breaking the story of the CEO of One America insurance company saying deaths among working people ages 18-64 were up 40% in the third quarter of 2021, I can report that a much larger life insurance company, Lincoln National, reported a 163% increase in death benefits paid out under its group life insurance policies in 2021.
This is according to the annual statements filed with state insurance departments — statements that were provided exclusively to Crossroads Report in response to public records requests.
The reports show a more extreme situation than the 40% increase in deaths in the third quarter of 2021 that was cited in late December by One America CEO Scott Davison — an increase that he said was industry-wide and that he described at the time as “unheard of” and “huge, huge numbers” and the highest death rates that have ever been seen in the history of the life insurance business.
The annual statements for Lincoln National Life Insurance Company show that the company paid out in death benefits under group life insurance polices a little over $500 million in 2019, about $548 million in 2020, and a stunning $1.4 billion in 2021.
From 2019, the last normal year before the pandemic, to 2020, the year of the Covid-19 virus, there was an increase in group death benefits paid out of only 9 percent. But group death benefits in 2021, the year the vaccine was introduced, increased almost 164 percent over 2020.
Here are the precise numbers for Group Death Benefits taken from Lincoln National’s annual statements for the three years:
2019: $500,888,808
2020: $547,940,260
2021: $1,445,350,949
(Excerpt) Read more at crossroadsreport.substack.com ...
I’m not depopulated yet; in fact, I’m feeling a little better...
Since most of my close friends and some family have refused the “Jab” we are still alive.
And the positives tests keep screaming in.
Aloha.
Pfizer has robbed Peter to pay Paul, and Peter is not liking it.
Be interesting to see a chart of “Cause of Death.”
My father. Stroke after the jab and cancer returned.
I am curious to see delta in payouts for the older groups during the same years.
FTA ....
... How many deaths are represented by the 163% increase? It is not possible to determine by the dollar figures on the statements.
But the average death benefit for employer-provided group life insurance, according to the Society for Human Resource Management, is one year’s salary.
If the average annual salary of people covered by group life insurance policies in the United States is $70,000, this may represent 20,647 deaths of working adults, covered by just this one insurance company. This would represent at least 10,000 more deaths than in a normal year for just this one company.
I try to look at ALL facts and not make emotional decisions and then only search for facts that support my emotional decision.
Per a post to the article:
It was interesting to note from the 2020 and 2021 statements that group premiums jumped from $665,777,823 to $1,409,482,771 just like the increase in benefits. I wondered how this could have happened.
The answer was easily found on page 1 of the company’s 2021 annual report. “In 2021, we added over 12,000 producers who had never previously sold a Lincoln life insurance policy”.
Conclusion: The large increase in benefits paid equated to the large increase in premiums received which flowed from the significant increase in group policies taken over by the company. More people insured leads to more deaths covered.
I wish they would have also used the number of policies paid over the last 3-5 years. The actual number of newly dead 18-64 year olds would be more informative than just payout total.
Go to the bank, there is one loan officer, one teller working the outside and one the inside.
Take your kid to get a Happy Meal at McDonald’s and there are about 3-4 people working furiously to keep up.
Take your kid to the water park and 1/4 of the rides are closed because they don’t have enough life guards.
Want to go on vacation and fly to Florida? Your flight might be cancelled because they don’t have enough pilots or attendants.
Need to order new equipment for a project at work? You’ll have to wait half a year because the vendor is short-handed.
Need to transport some product from the factory where you work? You might have to wait because there is a shortage of truckers.
WHERE DID EVERYONE GO?
Maybe this is the answer.
I wish they would have also used the number of policies paid over the last 3-5 years. The actual number of newly dead 18-64 year olds would be more informative than just payout total.
Well, they (LN) likely do not do that, for a reason.
The payout also include NEW disability claims, as well.
Also, this, FTA ....
...This matches what I was told by OneAmerica in January in emails following the publication of my story in The Center Square — that it was not only deaths of working-age people that shot up to unheard-of levels in 2021, but also short- and long-term disability claims.
Annual statements for other insurance companies are still being compiled and reviewed. So far, Lincoln National shows the sharpest increases in death benefits paid out in 2021, though Prudential and Northwestern Mutual also show significant increases — increases much larger in 2021 than in 2020, indicating that the cure was worse than the disease — much worse.
Lincoln National’s stock price fell from about $70 a share on January 3 to $50 a share this week, and last month, a new CEO was installed. It doesn’t appear to be a sudden change, but could have been timed to assuage major shareholders who have no idea what’s really happening and may think that a fresh face and fresh ideas can turn this around. Could I suggest instead an honest and thorough assessment of what’s really driving these stunning numbers?
These are generally employer policies with standard payouts for most levels of employee. They are generally healthier than the full US population in the employment age range. This is usually a very steady number.
WHERE DID EVERYONE GO?
Well, SOME of the people are at home, sitting on their .... couches, getting paid to NOT work.
But, not ALL of the normal workforce, for sure.
Karl Denninger has written about ‘where has the workforce gone’, and, has a pretty good idea. ...
Hiring Manager: ‘I Can’t Find Employees!’
https://freerepublic.com/focus/f-chat/4002366/posts
See 17.
In other words more insured increasing their potential payout pool.
Can’t branDUHn issue an EO commanding folks to quit dying?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.