090921 Those Dying From Covid-19 Are Least Likely to Own Life Insurance...

Many companies have sharply reduced estimates of their

exposure, as measured by payouts per 100,000 U.S. fatalities

As the number of U.S. corona virus deaths surpasses 200,000,

public-health experts point to a series of missteps and

miscalculations in the country's response.

Here’s a look back at how the U.S. became the center of the

global pandemic.

Sept. 28, 2020 5:30 am ET

U.S. life insurers are paying out far fewer Covid-19 death claims

than initially expected, largely because the virus is disproportionately

killing people with little to no insurance.

In the past few weeks, many life-insurance companies have sharply

reduced estimates of their exposure, as measured by payouts per

100,000 U.S. Covid-19 fatalities. Estimates have come down by an

average of 40% to 50%, according to Credit Suisse stock analyst

Andrew Kligerman.

Driving the rapid reduction in exposure are two groups…

older Americans and minorities.

Older people often have smaller policies than people who are still in

The workforce. The latter typically buy policies to protect spouses

And children against the loss of a breadwinner’s income, aiming to

cover home mortgages and fund college tuition. Based on data

through mid-September, the federal Centers for Disease Control

and Prevention calculates that approximately four-fifths of U.S.

deaths involving Covid-19 have been of people at least 65 years old.

Its current total shows just over 200,000 total U.S. deaths.

Sept. 28, 2020 5:30 am ET

Watch Kelly Rowland Life Happens Spokesperson for 2021 at this link

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www.haydenchilds.net