Margaret Menge, who broke the story about the 40% increase in life insurance payments for the deaths of people ages 18 to 64 by One America, has another revelation. Her article is at Crossroads Report on Substack.
BREAKING: Fifth largest life insurance company in the US paid out 163% more for deaths of working people ages 18-64 in 2021 – Total claims/benefits up $6 BILLION
Here is my shorter version of Margaret Menge’s article.
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 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 (COVID) vaccine was introduced, increased almost 164 percent over 2020.
2019: $500,888,808
2020: $547,940,260
2021: $1,445,350,949
Below is the company’s annual statement filed with the Michigan Department of Insurance and Financial Services. These are national numbers, not state-specific:
Lincoln National is the fifth-largest life insurance company in the United States, according to BankRate, after New York Life, Northwestern Mutual, MetLife, and Prudential.
The annual statements filed with the states do not show the number of claims — only the total dollar amount of claims paid.
Group life insurance policies, in most cases, cover working-age adults ages 18-64 whose employer includes life insurance as an employee benefit.
So how many people died?
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.
Not only group but also individual life insurance policies went up
The statements for the three years also show a sizable increase in ordinary death benefits — those not paid out under group policies, but under individual life insurance policies.
In 2019, the baseline year, that number was $3.7 billion. In 2020, the year of the Covid-19 pandemic, it went up to $4 billion, but in 2021, the year in which the vaccine was administered to almost 260 million Americans, it went up to $5.3 billion.
The statements show that the total amount that Lincoln National paid out for all direct claims and benefits in 2021 was more than $28 billion, $6 billion more than in 2020 when it paid out a total of $22 billion, which was less than the $23 billion it paid out in 2019, the baseline year.
A $6 billion increase in expenses is something few companies could absorb, but Lincoln National has been working to do just that — by increasing sales of new insurance polices.
In the press release accompanying its annual report, and in its press release announcing the first quarter 2022 results — in which the company announces a $41 million loss in its Group Protection business — it trumpets an increase in sales. For first quarter 2022 that increase was 42 percent. The company also mentions that premiums have gone up 4 percent.
Interestingly, in the press release accompanying the first-quarter 2022 results, Lincoln National attributes the $41 operating million loss to “non-pandemic-related morbidity” and “unusual claims adjustments.”
“This change was driven by non-pandemic-related morbidity [emphasis added], including unusual claims adjustments [emphasis added], and less favorable returns within the company’s alternative investment portfolio.”
Morbidity, of course, means disease. A lot of people are sick.
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 claims payment consistent with CDC data
My comment: The excess deaths in the 18 to 64 age group presented here are consistent with data from the CDC.
Milliman, an international actuarial firm, published the article, How does our experience with COVID-19 impact the life insurance industry going forward?
The essay includes CDC data showing both genders’ excess Non-COVID deaths for 2021.
The bar graphs below show the excess Non-COVID deaths for 2021 in males (dark blue) and females (dark green) compared to COVID deaths in 2020 (light blue and green). Data were from the CDC Retrieved March 6, 2022.
The only thing different for 2021 is the start of the COVID “vaccines,” and that explains the excess deaths. No world war, global catastrophe, or widespread famine in 2021 defined the excess deaths.
With the hyperinflation, pending economic collapse, looming world war, and food shortages, maybe 2022 will be different.
I have researched and written many articles about the excess deaths since the rollout of the COVID shots.
- Above-average deaths of 5 to 74 years old for the year 2021
- US data: High numbers of autopsies done in 2021 among 15-64 years old.
- CDC data shows higher deaths from 25-54 years old in 2021 compared to 2018-2020
- 145 countries with higher COVID-19 cases and deaths after the COVID shots
- Indiana life insurance CEO says deaths are up 40% among people ages 18-64
- Vaccine-induced deaths in the US and Europe are way higher than the CDC reports!
- German Analysis: The Higher the Vaccination Rate, the Higher the Excess Mortality
- Excess deaths continue in 2022
- Excess deaths in Scotland 2021
- More COVID jabbed dead from COVID-19 than the unvaxxed in Scotland
Don’t get sick!
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