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Surge in “Sudden Deaths” Creates Increased Business for Funeral Industry while Life Insurance Industry Suffers due to Increased Death Payouts

Today Service Corporation International, the largest for-profit funeral operator in North America, had its quarterly earnings call. So far in 2022 the company has made almost $500 million in profits - and its stock is up over 15% since last week's earnings report. It is not just funeral services companies. Market participants were somewhat stunned when Lincoln Financial announced results last week and shares collapsed over 30% after a shocking, and unexpected, $2.6 billion Q3 loss. “A Catastrophe (and Not the Natural Kind),” Wells Fargo Securities analysts said in a note to clients Wednesday night, following the after-market release of earnings by the Pennsylvania life-insurance and annuities company. What drove the big loss? Lincoln National group insurance death payouts for working age in USA 18-64 yr olds. 2019 is pre covid and is the baseline, 2020 covid hits no vaccine 9% increase, 2021 covid still here but now add the vaccine a 163% increase.

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Fifth Largest Life Insurance Company in US Paid Out 163% More for Deaths of Working People ages 18-64 in 2021 After COVID-19 Vaccine Mandates

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 policies 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.

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Crisis in America: Deaths Up 40% Among Those Aged 18-64 Based on Life Insurance Claims for 2021 After COVID-19 Vaccine Roll Outs

Finally, the "elephant in the room" that nobody wanted to discuss in 2021 regarding labor shortages and supply chain bottlenecks, which is that record number of younger people in the workforce were dying after the roll-out of the COVID-19 "vaccines," can no longer be swept under the rug as statistics are being published that reveal a huge crisis developing in the United States. Scott Davison, the CEO of OneAmerica, a $100 billion insurance company based out of Indiana, has come out publicly and stated that based on life insurance claims, the death rate has skyrocketed an unprecedented 40% among those between the ages of 18 and 64, based on the 3rd quarter and into the 4th quarter of 2021. Margaret Menge reports from The Center Square: The head of Indianapolis-based insurance company OneAmerica said the death rate is up a stunning 40% from pre-pandemic levels among working-age people. “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.” 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.”

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