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PATRICK T. FALLON
Demand for life insurance has soared since 2020, said Kate Dore at CNBC, and insurers are shelling out more than they have in decades. "Payouts to beneficiaries rose by nearly 11 percent in 2021, jumping to over $100 billion." That was after the largest year-over-year jump in payments since the 1918 influenza epidemic, according to insurers. The demand for protection keeps growing three years into the pandemic, even as underwriters are re-evaluating their terms. There's "ongoing debate" on the "ways COVID may be affecting mortality," particularly for those with pre-existing conditions or who may be suffering from symptoms of "long COVID." COVID inquiries have begun appearing on life insurance applications, including "questions about your history of testing positive."
