No BS folks. If the CEO of a major life insurance company says that deaths are up 40%, then we are probably about 3-6 months away from life insurance rates going up. It takes time for the data to come in and for actuaries to figure it out.

If you are vaccinated, then buy it now in case something happens. If you are unvaccinated and may need it in the future, then buy it now too.

By buying it now, you are locking in the lower rates before it gets expensive.

Just my $.02 and no I don’t sell life insurance.

We just called our agent and did two apps for a 30 year level term and a universal life policy. I can already see what is probably coming.

When I became a federal civil service just before turning 45 I jumped on getting term life insurance through a separate company as the FEGLI insurance went up as you get older. I had quit smoking years before, lost weight, etc. and got great rates. Glad I did, because now I look like a fat old man!

Most people reassure themselves and rely on the free life policy through work. Most people quit/retire/become disabled. Getting a policy then, can be, expensive and elusive.

Just a general observation of mine, seems like alot of folks die, within a year or two, of retirement.

Deaths aren’t even up remotely 40%. Year over year numbers have barely budged.

40% increase according to life insurance company.

Looks like the CDC info supports the data too.

This is not pointing at the Vaccine or Covid. This is looking at the side effect of what the lock downs have caused. Things like suicide d/t the shut down from losing ones job, or cabin fever and going crazy. It is pointing at a lot of different things.

This is my 21st year in life insurance, I PROMISE you that 40% number is exactly factual, +/- a few percent for each different company (I might be wrong, just going from memory, but I think my company is roughly $80MIL in life claims over 2020 and/or 2021). I am holding and handling the REAL checks.

I’m talking about all deaths not a specific age cohort (as indicated in the links). But that data is pretty interesting and surprising.

Yall think about this. The baby boomer generation is slap in the middle of the natural death table. This is why the numbers are increasing. More people at the natural age of death= more death claims paid.

I just got a 30 year term policy for $250000 with a ryder for $10000 for the kids for $57/month. Im 45 in a month. I dont really expect to live 30 more years. I guess Pacific life is betting i will.

One thing the Muslims got right is that Life Insurance is a gamble that you will never see the fruition of. Better to just leave life debt free.

I plan on leaving it debt free and I've got a chitload of life insurance as well. I'm going to make certain my wife and kid don't have to worry about finances when I'm gone, unless they squander it.

This exactly!

My wife and I got a considerable 30 yr term plan for both of us when we were around 42.
It’ll take us to our 70’s and hopefully kids/grandkids will be gone and we should be set.

This.

https://noqreport.com/2022/02/16/bo...o-covid-and-indirect-covid-aka-the-jabs/

WOW

Stay

Stay away from Universal life insurance. I sold insurance for years and 90% of Universal policies don't make it the way they are planned. Most folks run out of money in the plan way before they should. Stick with term and invest the difference. If you have plenty put back for retirement then use whole life. Some benefits to that plan but most people only need term.

I guess i just got ours at the right time then. I was really satisfied with what we got for the price.

Haven't done that in 25 years

I would agree normally, but a policy of $150k universal life is a good fit for me. I am not in the all or nothing crowd. Having a small amount of universal life and the rest (higher amount) term is a hybrid that works for me.

I’ll gladly trade the $300 a year that I pay now for $500k term coverage with the knowledge( and the peace of mind) that my family will be financially stable if I pass. $300 a year is a small price to pay for that. I waste a lot more than that.