February 7, 2022
The global life insurance industry reportedly paid out $5.5 billion in just the first nine months of 2021, a 157% increase over the $3.5 billion in payments made for the entire year in 2020. The increase in payments coincided with the rollout of Covid vaccines, which insurance companies believed would reduce death rates.
Summary by JW Williams
The global life insurance industry reportedly paid out $5.5 billion in the first nine months of 2021 versus $3.5 billion in pay outs for the whole of 2020, a 157% rise in just nine months. The increase in payments coincided with the rollout of vaccines, which insurance companies believed would reduce death rates.
Mainstream media and some insurance companies blame COVID-19 for the excess deaths while failing to consider that the reported rise in death rates could be due to injuries from COVID-19 vaccines. Claims reportedly rose most in the United States, India and South Africa.
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