Mostly due to the pandemic, life-insurance payouts last year rose 15% to $90.43 billion, the sharpest rise since the 1918 influenza epidemic drove them up 41%, according to the American Council of Life Insurers. Meanwhile, sales of insurance policies took their biggest jump in 25 years, according to industry-funded research firm Limra. Combined with good returns on some investments, that lifted industry assets by 7.7% to $8.2 trillion, the ACLI’s figures show.
Thanks to The Wall Street Journal writer Leslie Scism, December 9, 2021.
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