Most of the time, that phrase is applied to who is profiting from a scheme. In the most recent entry in the historical record, that concept is somewhat reversed into payouts to customers. Life insurance companies have been hit by claims in 2021 of far more than normal deaths of people in the working years of their lives, and in a recent virtual meeting of the U.S. Chamber of Commerce, the topic surfaced.
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”
OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.
Davison said the increase in deaths represents “huge, huge numbers,” and that’s it’s not elderly people who are dying, but “primarily working-age people 18 to 64” who are the employees of companies that have group life insurance plans through OneAmerica.
“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.
“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.”
The question then is to extrapolate what causes of death are on death certificates. If the cause was COVID, that would be surprising as that age group was not really at risk. If the cause was something else related to COVID, but verboten to address in polite circles at this time, this would be just one of the places where the “vaccination” program failure is rearing its head.
All those payouts to beneficiaries are going to be noticed.
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