Tag: death benefits

Rise in Non-Covid-19 Deaths Hits Life Insurers

Private Placement Life Insurance (PPLI)

Last year, as expected, life insurers in the United States paid out a large number of Covid-19 death-benefit payouts. Surprisingly, many people saw an increase in other types of death claims as well. Many of the other fatalities, according to industry executives and actuaries, are linked to delays in medical care as a result of… Continue reading Rise in Non-Covid-19 Deaths Hits Life Insurers

Death-Benefits Payments Jumped 15% Last Year Amid COVID-19

Close up of a Life insurance policy with family image. The included image can be found in my portfolio. Image #37803180

According to the American Council of Life Insurers (ACLI), the Covid-19 pandemic last year resulted in the largest increase in death benefits paid by U.S. life insurers since the 1918 influenza epidemic. ACLI said that death-benefit payments increased 15.4 percent in 2020 to $90.43 billion, owing primarily to the pandemic. Payments increased by 41% in… Continue reading Death-Benefits Payments Jumped 15% Last Year Amid COVID-19