[Vermont Lt]

The elderly and infirm don’t have a lot of new policies. Their whole life plans were paid for years ago. Their term plans have run out. And many of their funerals have been prepaid.

This whole thing will end up positive for Medicare and Social Security. Half a million people dead—think of how much SS will not be paid now.

[DuncanWaring]

Many of that half-million dead would have been dead by now even without the CCP virus; they were on their last legs ... no net effect on Medicare and SS.

[elpadre]

Maybe it all balanced out. Maybe the fact that in 2020 influenza and pneumonia deaths all but disappeared made up for all the Covid19 deaths.

[Oldeconomybuyer]

The actual death rate is relatively stable for years. There are few incremental deaths from the CCP Virus.

https://www.macrotrends.net/countries/USA/united-states/death-rate

[setter]

“The elderly and infirm don’t have a lot of new policies. “

Yes, most have small face amount policies, “Burial plans” as they call them. $5000 face amounts.

I am in the insurance business but not life but the agents I know who sell life have had a record year.

[Theoria]

Except for all the Trillions in debt the r’s and d’s voted and supported. The additional debt makes ss and medicare more expensive.