Record Group Insurance Death Claims in 2021

Last year, group life insurance companies experienced a record number of death claims. Two recent reports include:

MetLife’s adjusted quarterly earnings in the U.S. group-benefits unit plummeted 95% to $20 million, from $383 million the year-earlier with increased deaths of younger people (i.e., those under age 65) with employer-sponsored benefits. MetLife paid out $1.06 for each $1 of group-life-insurance premium collected.