Fifth-largest U.S. life insurer reports 163% rise in 2021 death-benefit payouts for working-age clients – LifeSite

The fifth largest life insurance company in the U.S. paid out 163% more in death benefits for working clients age 18 to 64 in 2021 over the previous year, according to records filed with the Michigan Department of Insurance and Financial Services.

Independent journalist Margaret Menge reported that the records were provided to her Crossroads Report news outlet “in response to public records requests.”

“The annual statements for Lincoln National Life Insurance Company show that the company paid out in death benefits under group life insurance policies a little over$500 millionin 2019, about $548 million in 2020, and a stunning$1.4 billionin 2021,” Menge wrote.

Therefore, from the pre-pandemic year 2019 to 2020, there was only a 9% increase in such group benefits paid out, but from the pandemic year of 2020 to the year of widespread experimental gene-based COVID-19 vaccine uptake, 2021, the increase was almost 164%.

Group life insurance policies normally cover working age individuals age 18-64 whose employers include such insurance as an employee benefit.