The team found that deaths attributed to COVID-19 accounted for 5.1% of the individual life insurance death claims participating insurers received in the first half of 2020.
About 2% of all of claims for all causes were for people younger than 45. That was about the same percentage as in 2019.
About 1% of the COVID-19-related claims submitted in the first half of 2020 were for people under 45.
The overall increase in the odds of dying from any cause was highest for insureds in their 70s.
Author(s): Allison Bell
Publication Date: 12 March 2021
Publication Site: Think Advisor