Lincoln Insurance Co. Paid Out Billions In Death Claims in 2021

People are always dying to get paid...but not like this! 😱 Radnor, PA-based insurance giant, Lincoln Financial, paid an unprecedented amount of death claims last year. We're talking billions!!!! 💸

According to life insurance experts, this increase is happening industry-wide and these are the highest death rates that have ever been seen in the history of the life insurance business.

Here’s Five Fast Facts on these unprecedented death claims:

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1. 📈 One Giant Leap - Lincoln reported a 163% increase in death benefits paid out under its group life insurance policies in 2021.
2. 💀 Deathly Expensive - The company paid out a little over $500 million in death benefits in 2019. It jumped to $548 million in 2020 and then to $1.4 billion in 2021.
3. 💰 Grand Total - the total amount that Lincoln National paid out for ALL direct claims and benefits in 2021 was more than $28 billion, $6 billion more than in 2020.
4. 🧑‍🏫 History Lesson - The company was founded in Fort Wayne, Indiana in 1905. Honest Abe Lincoln's son, Robert Todd Lincoln, gave his approval for the firm to use his dad's name and likeness for marketing. 
5. 5️⃣ Top Five - Lincoln is the fifth-largest life insurance company in the nation after New York Life, Northwestern Mutual, MetLife and Prudential.

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🔥Bottom line: These numbers are staggering, and no one's really sure why. The pandemic definitely had an impact, but pieces seem to be missing from the puzzle and Lincoln's shareholders want answers. Let's hope researchers get to the bottom of things soon.

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