3 ms·
I don't think life insurance will take a hit. The large majority of deaths we're seeing are among the very ill, ie folks who already had a high short term chanc
by bagacrap 7y ago
I don't think life insurance will take a hit. The large majority of deaths we're seeing are among the very ill, ie folks who already had a high short term chance of dying. Within a couple years the insurers would have paid out all that money anyway. And correct me if I'm wrong but most of the time you'd only have life insurance if you have dependents to look after, ie when you're 40 and not when you're 80. The cost of life insurance for an 80yo with 3 illnesses must be prohibitive.
- cik 7y agoCorrect. In fact based on demographic data locally (Canada), deaths from motor incidents have come down enough to offset Corona deaths. Ergo, it's cheaper to have a pandemic.