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.
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.