A recent shocking report in American Thinker suggests that life insurance payouts are considerably worse than executives expected. Obvious question: Is it an aberration, or is it for real? Alas, a cursory examination suggests that it may be for real.
The scan of the following insurance companies confirms the initial report. For Prudential, they have had a massive 87% increase in death benefits paid comparing the third quarter of 2020 to the third quarter of 2021. Such a detailed breakdown wasn't available for New York Life, but their 2021 year to date (1 Jan to 30 Sep) death benefit payout is up by 27%. Examining Pacific Life documents identifies multiple units. For Pacific Life, the year-to-date claims are up by only 12%. But for a subsidiary, Pacific Life and Annuity, claims are up by over 80%. This is an opportunistic search; more data may be forthcoming. ......To Read More
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