A study using data shared by 20 life insurance companies suggests that adults aged between 35 and 44 died at twice the expected rate last summer in the US.
According to data from 20 of the top 21 life insurance firms in the United States, the number of death claims for working-age adults under group life insurance plans increased significantly throughout the course of the last summer and fall.
In July, August, and September 2021, the number of death claims for people aged 35 to 44 was 100% greater than anticipated, according to a survey by the Society of Actuaries, which examined 2.3 million death claims made to life insurance companies.
The COVID-19 pandemic, which lasted for 24 months from April 2020 to March 2022, was the focus of the study (pdf below) on death claims made under group life insurance plans. To establish a baseline for the anticipated mortality, the researchers analysed information from the three years prior to the pandemic.
During the two pandemic ye...