• Why no stories on hospice care in the United States relating to covid19 statistics (hospice has been removed from our common lexicon)? I’ve asked you this before, I know.
• Why no stories on the earnings of publicly held life insurance companies ?
• Why no stories about strategies written about the myriad of home health care providers in this country? What is their role in lessening hospital stays in the last 18 months. Did they play a role?
• Why know detailed explanation of how excess deaths are calculated – what are the excess death estimates for the next 5 years? I assume the data is easily found.
• No actuaries providing keen information and insights?
• Detailed investigations and stories of the traveling nurse industry ? I know several, interesting stories to say the least. Mostly regarding compensation.
• No keen insights from the coroners industry? The inexact science of “cause of death” in the last 100 years.
h/t -- https://marginalrevolution.com/marginalrevolution/2021/08/a-readers-wishes-for-covid-coverage.html
As to your life insurance question, there was a video posted here I watched indicating the real DS was big life insurance companies.
I was just trying to find it, thought I'd saved it or subscribed but not turning anything up. Long video but interesting as I hadn't heard the connection previously with life insurance companies.
Edit: Found it: https://rumble.com/vi7itd-dr.-david-martin-how-did-we-get-here.html?mref=7ch9&mrefc=3
I find David Martin’s info-videos very interesting and this one is no exception. But for the life of me I cannot see the connection he draws for how a big die off due to a kill shot vaccine could benefit Life Insurance companies. It seems that they would want people to live longer than expected so the insured person would pay into the life insurance contract More Money and the death benefit would be delayed, all things better for the insurer. If a person dies young then the insurer pays out “early”.
Comments welcome on this puzzle…
Yeah, I like him too so far. After finding the video I reposted above I found his site https://www.davidmartin.world/
One thing that pops to mind how life insurance companies make money off the kill shot, people are paying the premiums for years, then deny payout due to vax being experimental. Well for older people anyway. Regardless, these big companies seem to make money no matter which way things go...
Insurance anon here: it takes time to compile a lot of this and a lot of the good info comes from LIMRA (limra.com), but you have to be a member. I did find one study on Canadian insurers from the Canadian Institute of Actuaries (oh the irony that it is nicknamed the CIA). They conducted a study of 13 insurers; in 12/2020, claims totalled $30.8M (630 claims) which was 75% of the peak in the previous April when it was $41.44M for 899 claims. Total claims reported by these 13 carriers was 3179. By my math, average claim is just a little under $50K and maybe another 20 claims per month per carrier? They have to reserve for this. I understand how this affects financials and profits but in reality it is not all that big. Canada has a population of over 38M people. (Now if that continues for another several years that is a problem.)
In terms of the cause of death, CV accounted for 9.6% of the December numbers down from the peak of 12.9% for April. Last August, it was 1%. Aggregate numbers on a monthly basis for 2019 to 2020 exceeded 0.02% in every month except June and July.
Interesting to note: group claims in the first half of the year were consistent with 2019 - this is your working age population. (There is evidence that the second half of the year in group is more in line with the individual market numbers.)
Now, in my experience, there are a TON of little tiny policies out there. I used to work for one agency that had been in business for several decades that had a lot of business with a large well known carrier. I would come across these little policies purchased in the 1940s and 50s. Insured would be 80-90 years old and the face amounts were a couple thousand dollars- in some instances a few hundred. Because they were whole life chassis, people had set the dividend options to pay the premiums so the policy would be just living off the cash in the contract; my guess is that the owner had completely forgotten it even existed and/or had died. However several years ago, at least in the US, they started making the carriers run the SSI death index each year against their book. The point was to get the money to the beneficiary, but my cynical half says they also liked that money going to the state unclaimed property coffers. But CV got everyone hypersensitive to this.
IMHO, we really won't know how bad mortality is until the dividend schedules are released.