The 5 Highest-Population States’ Current COVID-19 Mortality Picture




Life insurers had hoped that vaccination campaigns, social distancing efforts and the effects of past COVID-19 infections on people’s immune systems would start to reduce the impact of the pandemic on people with commercial life insurance and other commercial insurance products.

While the fall 2021 surge was underway, information about deaths and life insurance claims emerged slowly. Some life insurers suggested that the fall surge seemed to be spiking hard but ending quickly.

Now, Unum GroupLincoln FinancialMetLife and other life insurers are saying that the fall surge did cause big increases in the ratio of death benefits to life insurance premiums. At Unum, for example, the ratio increased to 98.3% in the latest quarter, from 71.7% in the fourth quarter of 2019, before the pandemic began.

Author(s): Allison Bell

Publication Date: 7 Feb 2022

Publication Site: Think Advisor