U.S. Individual Life COVID-19 Mortality Claims Analysis

Graphic:

Excerpt:

The first quarter of 2020 all-cause individual life death counts were in the range of 93% to 99% for
the first quarter in the previous five years, similar to the CDC’s estimated actual to expected all-cause deaths for the population.

The second quarter of 2020 all-cause individual life death counts were in the range of 110% to
113% for the second quarter in the previous five years. This was lower than the CDC’s second-quarter estimate of 118% to 123% for the population.

The average attained age at death of the individual life COVID claims is 0.6 years older than the
average age of non-COVID claims. The U.S. population had a much larger difference of 3.0 years
between the average attained age of COVID and non-COVID deaths.

Author(s): Individual Life COVID-19 Project Work Group

Publication Date: March 2021

Publication Site: Society of Actuaries