Speaking recently at a virtual news conference held for the Indiana Chamber of Commerce, Scott Davidson, the CEO of OneAmerica Insurance, told the group that reported deaths in the 18-64 age range were up 40% in Q3 of 2021 over pre-pandemic levels and that the trend was continuing in Q4. Davidson told the group, in part:

We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica…. The data is consistent across every player in that business.  Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic.  So, 40% is just unheard of…

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