UK insurers see INCREASE in COVID-related death payouts for 2021
08/22/2022 / By Ramon Tomey
Insurance companies in the United Kingdom said there was a significant increase in death payouts linked to the Wuhan coronavirus (COVID-19) pandemic in 2021.
The Association of British Insurers (ABI), which represents more than 200 member companies, attested to this increase. According to the group, payouts for COVID-related individual claims almost doubled after the rollout of the COVID-19 vaccines.
ABI said back in March 2021 that its member insurers paid out a total of £202 million ($238.91 million) “to support the families of people who tragically died due to COVID-19 in 2020.” A total of 11,198 policy claims were received that year.
Of that number, 10,205 were individual policies – such as whole life, term insurance and critical illness claims – with some of them related to critical illness. The remaining 993 were group life insurance schemes.
The following year, however, ABI member insurers paid out £261 million ($308.68 million) in claims – with £69,760 ($82,505) as the average payout. This increase was attributed to term insurance claims rising by 69 percent.
Term insurance refers to life insurance wherein the money assured under the policy is only paid out if the policyholder dies within a specified term. If the policyholder survives until the end of the term, the policy will expire and no amount will be paid out.
“In the year of the ‘vaccine,’ there are as many claims as in the year of the ‘pandemic,'” said the Daily Expose. “Of the claims made, there was a 69 percent increase relating to people who had died.”
“It’s not clear if the increase is due to the number of claims or their value. [Regardless,] both the increase in the value of term assurance claims and the number of income protection claims paid out indicates a shift towards claims made by younger, working-age policyholders.”
The Expose ultimately pointed out: “Considering the increase and shift in claims during the first year of COVID-19 vaccination, we wonder if UK insurance companies have calculated the risk of even, possibly, higher payouts as more ‘vaccines’ are administered in the future.”
Lawsuits against vaccine makers incoming, warns Dr. Harvey Risch
For Yale University epidemiologist Dr. Harvey Risch, the influx of claims and subsequent insurance payouts could lead to insurers challenging vaccine makers in court. (Related: Life insurance claims skyrocket after COVID jab rollout, prompting insurers to take legal action against vaccine manufacturers.)
Speaking to Just The News, the expert said he expects insurers to seek financial compensation from manufacturers of the COVID-19 vaccines. This would be used to cover “early unexpected mortality claims,” he added.
According to Risch, insurers’ actuaries – analysts who calculate insurance risks and premiums based on compiled statistics – miscalculated by estimating that the vaccinated “would live longer than they have.” The epidemiologist added that the actuaries themselves were deceived on “all-cause mortality … from the original [vaccine clinical] trials.”
“They have a major financial risk that they have to figure out how to manage,” said Risch.
He cited statements by Scott Davison, CEO of U.S. insurance company OneAmerica, about the rise in death rates. Back in December 2021, he said during a healthcare conference that death rates among the working-age cohort insured by the company – were attributable to the COVID-19 vaccines.
This rate was “unheard” of compared to pre-pandemic numbers, Davison remarked, adding that a “one-in-200-year catastrophe” would only cause a 10 percent increase in death rates.
Lincoln National, a larger U.S. insurance firm, reported a 163 percent increase in death benefits paid out in 2021 at $1.4 billion. The insurer only paid out a total of $500 million in 2019, with this amount increasing by almost 10 percent to $548 million.
Pandemic.news has more stories about insurance benefits linked to COVID-19.
Watch this video about life insurance refusing to cover deaths caused by the COVID-19 vaccine.
This video is from the JosephJenkins channel on Brighteon.com.
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Association of British Insurers, covid-19, death benefits, Harvey Risch, insurance companies, insurance payouts, insurance policy, insurers, lawsuits, life insurance, pandemic, policy holders, term insurance, Wuhan coronavirus
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