Excess Deaths
Apparently this is not newsworthy, not worthy of discussion and should not be a concern for the general public.‘Excess mortality’ continuing surge causes concernshttps://insurancenewsnet.com/innarticle/excess-mortality-continuing-surge-causes-concernsLife insurance executives and actuaries believe the numbers are alarmingLife insurers paid record levels of claims in 2021,biggest one-year increase since 1918Distributed a record $100.28 billion in total death benefits.Younger adult death rate up 20% in 2023Center of Disease Control that show mortality rates alarmingly rising for different categories. The surge in excess deaths caught carriers off guard15 – 19 years% difference from 20192018, 1%2020, 21%2021, 28%2022, 21%2023, (Jan – May), 24%30 – 34 years% difference from 20192018, -1%2020, 30%2021, 42%2022, 30%2023, (Jan – May), 23%40 – 44 years% difference from 20192018, -2%2020, 30%2021, 45%2022, 30%2023, (Jan – May), 25%Cause of death data show increased cardiac mortality in all ages.As COVID-related causes declined in 2022, others rose, particularly stroke, diabetes, kidney and liver diseases.Society of Actuaries pollIn August 2022, 85% thought excess morality rates would continue to 2025. In September 2023, 79% believed excess mortality rates will continue through 2026.
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