Fifth-largest U.S. life insurer reports 163% rise in 2021 group death-benefit

[admin]

Coining a new acronym? CACHTR? Chickens are coming home to roost.

[Edit add 9-1-23] "“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 million in 2019, about  $548 million in 2020, and a stunning $1.4 billion in 2021,” Menge wrote."

The year of "vaccine" rollout increased death benefits paid on working-age people by 163%

For death benefits paid on group policies for 2020, refer to page 24 in Lincoln's annual statement PDF for 547,940,260 figure
https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2020.pdf

For death benefits paid on group policies for 2021, refer to page 24 in Lincoln's annual statement PDF for 1,445,350,949 figure
https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2021.pdf

For death benefits paid on group policies for 2022, refer to page 24 in Lincoln's annual statement PDF for   1,400,354,936 figure (2022 not in article). Unfortunately little better than 2021, perhaps as longer term clot shot injuries continue.
https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2022.pdf

Lincoln National's statements from 2018-2022
https://www.lincolnfinancial.com/public/aboutus/investorrelations/financialinformation/statutorystatements [end edit]
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https://www.lifesitenews.com/news/fifth-largest-u-s-life-insurer-reports-163-rise-in-2021-death-benefit-payouts-for-working-age-clients/

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

(LifeSiteNews) — 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 million in 2019, about  $548 million in 2020, and a stunning $1.4 billion in 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.

The financial statistics represented in these government documents do not provide figures on the numbers of claims, and thus it is not possible to know the precise number of deaths.

However, Menge proposed that such employee benefits usually equate to an employee’s annual salary. “If the average annual salary of people covered by group life insurance policies in the United States is $70,000, this may represent 20,647 deaths of working adults, covered by just this one insurance company. This would represent at least 10,000 more deaths than in a normal year for just this one company.”

The veteran journalist, whose bio shows a stint with U.S. News & World Report, also uncovered a May 4 press release from Lincoln National announcing its first quarter 2022 results and explaining how some significant losses were due in part to “non-pandemic-related morbidity” and “unusual claims adjustments.”

“Morbidity, of course, means disease. A lot of people are sick,” Menge wrote. And from a related story she broke last January on a disclosure from OneAmerica insurance, she explained “that it was not only deaths of working-age people that shot up to unheard-of levels in 2021, but also short- and long-term disability claims.”

Death spikes resulting from COVID gene-based vaccines corroborated by many sources

At that time, Scott Davison, the president of OneAmerica insurance in Indianapolis, called attention to the industry’s 40% increase in third-quarter death rates, which were the highest the company has “seen in the history of the business.”"
https://www.lifesitenews.com/news/fifth-largest-u-s-life-insurer-reports-163-rise-in-2021-death-benefit-payouts-for-working-age-clients/

[admin]

Source of the prior article:
https://crossroadsreport.substack.com/p/breaking-fifth-largest-life-insurance?utm_source=substack&utm_campaign=post_embed&utm_medium=email

"BREAKING: Fifth largest life insurance company in the US paid out 163% more for deaths of working people ages 18-64 in 2021 - Total claims/benefits up $6 BILLION
Company cites "non-pandemic-related morbidity" and "unusual claims adjustments" in explanation of losses from group life insurance business: Stock falling, replaces CEO
Margaret Menge
Jun 15

Five months after breaking the story of the CEO of One America insurance company saying deaths among working people ages 18-64 were up 40% in the third quarter of 2021, I can report that a much larger life insurance company, Lincoln National, reported a 163% increase in death benefits paid out under its group life insurance policies in 2021.

This is according to the annual statements filed with state insurance departments — statements that were provided exclusively to Crossroads Report in response to public records requests.

The reports show a more extreme situation than the 40% increase in deaths in the third quarter of 2021 that was cited in late December by One America CEO Scott Davison — an increase that he said was industry-wide and that he described at the time as “unheard of” and “huge, huge numbers” and the highest death rates that have ever been seen in the history of the life insurance business.

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

From 2019, the last normal year before the pandemic, to 2020, the year of the Covid-19 virus, there was an increase in group death benefits paid out of only 9 percent. But group death benefits in 2021, the year the vaccine was introduced, increased almost 164 percent over 2020.

Here are the precise numbers for Group Death Benefits taken from Lincoln National’s annual statements for the three years:

2019: $500,888,808

2020: $547,940,260

2021: $1,445,350,949

Here are the key numbers for 2021, below, shown on the company’s annual statement that was filed with the Michigan Department of Insurance and Financial Services. These are national numbers, not state-specific:



[admin note added 8-29-23] exhibit from page 24 https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2021.pdf [end edit]

Lincoln National is the fifth-largest life insurance company in the United States, according to BankRate, after New York Life, Northwestern Mutual, MetLife and Prudential.

The company was founded in Fort Wayne, Indiana in 1905, getting the OK from Abraham Lincoln’s son, Robert Todd Lincoln, to use his father’s name and likeness in its advertising.

It’s now based in Radnor, Pennsylvania.

The annual statements filed with the states do not show the number of claims — only the total dollar amount of claims paid.

Group life insurance policies, in most cases, cover working-age adults ages 18-64 whose employer includes life insurance as an employee benefit.

How many deaths are represented by the 163% increase? It is not possible to determine by the dollar figures on the statements.

But the average death benefit for employer-provided group life insurance, according to the Society for Human Resource Management, is one year’s salary.

If the average annual salary of people covered by group life insurance policies in the United States is $70,000, this may represent 20,647 deaths of working adults, covered by just this one insurance company. This would represent at least 10,000 more deaths than in a normal year for just this one company.

The statements for the three years also show a sizable increase in ordinary death benefits — those not paid out under group policies, but under individual life insurance policies.

In 2019, the baseline year, that number was $3.7 billion. In 2020, the year of the Covid-19 pandemic, it went up to $4 billion, but in 2021, the year in which the vaccine was administered to almost 260 million Americans, it went up to $5.3 billion.

The statements show that the total amount that Lincoln National paid out for all direct claims and benefits in 2021 was more than $28 billion, $6 billion more than in 2020, when it paid out a total of $22 billion, which was less than the $23 billion it paid out in 2019, the baseline year.





A $6 billion increase in expenses is something few companies could absorb, but Lincoln National has been working to do just that — by increasing sales of new insurance polices.

In the press release accompanying its annual report, and in its press release announcing the first quarter 2022 results — in which the company announces a $41 million loss in its Group Protection business — it trumpets an increase in sales. For first quarter 2022 that increase was 42 percent. The company also mentions that premiums have gone up 4 percent.

Interestingly, in the press release accompanying the first-quarter 2022 results, Lincoln National attributes the $41 million operating loss to “non-pandemic-related morbidity” and “unusual claims adjustments.”

“This change was driven by non-pandemic-related morbidity [emphasis added], including unusual claims adjustments [emphasis added], and less favorable returns within the company’s alternative investment portfolio.”



This matches what I was told by OneAmerica in January in emails following the publication of my story in The Center Square — that it was not only deaths of working-age people that shot up to unheard-of levels in 2021, but also short- and long-term disability claims.

Annual statements for other insurance companies are still being compiled and reviewed. So far, Lincoln National shows the sharpest increases in death benefits paid out in 2021, though Prudential and Northwestern Mutual also show significant increases — increases much larger in 2021 than in 2020, indicating that the cure was worse than the disease — much worse.

Lincoln National’s stock price fell from about $70 a share on January 3 to $50 a share this week, and last month, a new CEO was installed. It doesn’t appear to be a sudden change, but could have been timed to assuage major shareholders who have no idea what’s really happening and may think that a fresh face and fresh ideas can turn this around. Could I suggest instead an honest and thorough assessment of what’s really driving these stunning numbers?

Crossroads Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber."

[admin]

For death benefits paid on group policies for 2020, refer to page 24 in Lincoln's annual statement PDF for 547,940,260:
https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2020.pdf

Lincoln National's statements from 2018-2022
https://www.lincolnfinancial.com/public/aboutus/investorrelations/financialinformation/statutorystatements

Screenshot for 2020 (also page 24) containing the group death benefit number that Margaret Menge rounded to 548 million as reported in her substack article.



For folks that have difficulty with the percentage listed:
https://twitter.com/NobodyHadToDie/status/1696570762042241281

I'm no math whiz, but I checked the author's figure this way:

$547,940,260 in group death benefits paid in 2020 and $1,445,350,949 paid in 2021.

547,940,260 X 263% = 1,441,082,883 - (100% of 2020 plus the additional 163% increase in 2021)

Or to be more precise we can multiply by 263.778928929%
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Looks like death benefits for group policies for 2022 wasn't much of an improvement over 2021 at 1,400,354,936
https://www.lincolnfinancial.com/pbl-static/pdf/LNL-Statutory-Statement-2022.pdf

Perhaps we will see it abate some as employers may increasingly see the liability in even suggesting that employees get the jab.


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[edit add 9-4-23]

2020



2021



2022 - Unfortunately things didn't go much better in 2022, while the U.S. Chamber of Commerce survey may paint a bleak picture of the future: "The U.S. Chamber surveyed unemployed workers who lost their jobs during the pandemic on what is keeping them from returning to work. Twenty-seven percent indicated that the need to be home and care for children or other family members has made the return to work difficult or impossible. More than a quarter (28%) indicated that they have been ill and their health has taken priority over looking for work."
https://www.covid-19forum.org/index.php?topic=1854.0


[end edit]

[admin]

Always best read at original link:
https://pierrekorymedicalmusings.com/p/published-another-op-ed-trying-to?utm_source=post-email-title&publication_id=645524&post_id=137738884&utm_campaign=email-post-title&isFreemail=true&r=1i43yy&utm_medium=email

"Published Another Op-Ed Trying To Call Attention To The Exploding Rates Of Death Amongst Young, Working-Age Americans
With the investigative journalist Mary Beth Pfeiffer, we are again trying to get the public and government's attention to focus on the "inexplicable" (yeah right) rates of death still being recorded.
Pierre Kory, MD, MPA
Oct 6, 2023

I really don’t know how much worse it can get yet still be ignored by health and governmental authorities the world over. But it is bad, like really bad, and it ain’t just the U.S.

John Campbell and Ed Dowd and MP Andrew Bridgen are trying to do the same with the insane excess mortality rates being measured in the U.K. In a rare “win,” Andrew told me that he has successfully scheduled a hearing on UK’s excess mortality in the House of Commons (a hearing that they scheduled for the aptly named “graveyard shift” (i.e. last spot of the day on a Friday when all the MP’s try to get out of dodge).

I don’t know what else to do but.. to keep trying. Here is our latest attempt, published in the Washington Examiner:

What's behind the spike in deaths among younger, working people?

Life insurance data show a massive spike in excess deaths among younger, working-age people that began in 2021, even as COVID-19 deaths decreased, and continues today. So far, good explanations are elusive. A concerted, bipartisan investigation should explore this threat to America’s economic future and recommend a course of action.

A report by the nonprofit Society of Actuaries found that 34% more 35- to 44-year-olds died than expected in the last three months of 2022. More deaths occurred among white-collar vs. blue-collar workers. The organization also reported a sudden jump in employee deaths in the fall of 2021. Independent sites aggregating Centers for Disease Control and Prevention data confirm these trends. According to U.S. Mortality, excess deaths in September 2021 among 25- to 44-year-olds were 70% above normal. That number has thankfully dropped, but as of May 2023, the most recent month for which data are available, deaths in this age group remained 10% above expected. Among people under 25, it was 16% above normal.

The Society of Actuaries maintains that COVID-19 does not fully explain these deaths. So what does?

Experts have posited all sorts of theories, from rising obesity rates to extreme heat to lagging effects from lockdowns to wider alcohol abuse. These possible contributors deserve careful consideration. Given the sheer number of COVID-19 vaccine deaths reported to the Vaccine Adverse Event Reporting System, more than 36,000 to date, the possible role of vaccines should be examined, too.

Virtually everyone agrees that COVID-19 vaccines carry risk. The debate is over the frequency and intensity of harm. With the CDC recommending an updated vaccine for everyone 6 months of age and older, it’s time to reassess this delicate balance. If even a fraction of the deaths resulted from vaccination, we should want to understand the trend to help people accurately weigh the benefits and risks.

VAERS is one of the strongest available tools to track and prevent vaccine harm. It is an open database used by consumers, patients, and healthcare professionals to report vaccine problems, which are then analyzed by the CDC. The Department of Health and Human Services describes it as “a national early warning system to detect possible safety problems in U.S.-licensed vaccines.”

VAERS has a track record of results. In 1997, U.S. physicians modified the childhood polio vaccine schedule based on a handful of vaccine-induced paralysis reports that showed up annually in VAERS. A hepatitis B vaccine was suspended in 1998 due to a suspected link to multiple sclerosis. That same year, rotavirus vaccines found to contain porcine circovirus type 1 were removed. A meningococcal vaccine was withdrawn in 2008 on suspicion of causing Guillain-Barre syndrome, and in 2009, an H1N1 flu vaccine was suspended for increasing the risk of narcolepsy.

In 2021, VAERS received more reports of post-vaccination deaths than in the prior 30 years combined. The totals for 2022 and 2023 are lower than 2021 but still dwarf pre-pandemic years. These reports do not automatically signify the cause of death and must be carefully analyzed. But with tens of thousands of reports in VAERS for COVID-19 vaccine-related deaths alone, it isn’t realistic to expect the CDC to investigate them all.

Public health authorities should be concerned about the widening gap between their guidance and vaccine behavior. By February 2021, more than half of U.S. adults were vaccinated against COVID-19. But according to the latest Reuters/Ipsos poll, just 29% are “very interested” in getting the updated vaccine. The effect seems to be contributing to vaccine hesitancy more broadly, too.

Solving chronic disease, substance abuse, extreme heat, and public health problems exacerbated by the pandemic will require sustained, multidisciplinary work over many years. Reducing COVID-19 vaccine-related deaths may be simpler: Reserve them for vulnerable, targeted populations. It’s a timely and appropriate course of action. New COVID-19 variants are milder and usually treatable. This explains why the rise in cases has not translated into more deaths, and why even Dr. Anthony Fauci does not predict another “tsunami of hospitalizations and deaths.”

How many more people will die needlessly before we discover the cause? Until we understand this trend, we can’t compel the changes needed to stop it. Getting to the bottom of what’s killing us should be a national priority.

Pierre Kory, M.D., is president and chief medical officer of the Front Line COVID-19 Critical Care Alliance. Mary Beth Pfeiffer is an investigative reporter and author of two books."
_________________________________

I Published An Op-Ed in USA Today On The Excess Mortality In Young People Across The World
Although "vaccine" is not mentioned, there is only one explanation for the timing, magnitude and demographics of the deaths. The fact it got published in mainstream media might be a game-changer.
Pierre Kory, MD, MPA
Aug 12, 2023
https://pierrekorymedicalmusings.com/p/i-published-an-op-ed-in-usa-today