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Bulletin Board DailyClout

Life Insurers Pay Record Death Benefits in 2021

November 30, 2022 • by Alejandra O'Connell-Domenech
COVID-19 seems to be pushing life insurance payouts to new heights.

Story at a glance


  • Trade association the American Council of Life Insurers recently released its 2022 ACLI Life Insurers Fact Book.

  • In the fact book, the group found life insurance companies paid $100 billion to the beneficiaries of policyholders who died in 2021.

  • That number is the highest amount life insurance companies have paid out to policyholder beneficiaries in a single year.

Correction: This story was updated to reflect the correct number of people who have died in the U.S. during the pandemic.

Life insurance payouts reached a new high in 2021, according to a leading trade association.

New data released by the American Council of Life Insurers (ACLI) shows companies paid $100 billion to the beneficiaries of policyholders who died last year.

That number is the highest amount life insurance companies have paid out to policyholder beneficiaries in a single year, according to a release from the ACLI.

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