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Business, Economy

“Life-Insurance Payouts Hit Record $100 Billion in 2021”

“U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year of Covid-19 deaths, an industry trade group said.

Payouts rose 11% in 2021 to $100.19 billion, most likely due to the pandemic, according to the American Council of Life Insurers. The increase was on the heels of a 15% year-over-year rise in 2020, when death-benefit payments totaled $90.43 billion…”

https://www.wsj.com/articles/life-insurance-payouts-hit-record-100-billion-in-2021-11669554670

The real question is how are their wallets holding up. If the insurance companies are paying out more then they are taking in it will become a problem sooner or later.

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