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Will life insurance companies get a settlement from the vaccine makers, as the cycle of depopulation is swept under the rug?
At Lincoln National, actuaries reported a 163 percent increase in death benefits paid out in 2021, after the vaccine was rolled out to the public. The large insurer paid out $500 million in 2019, $548 million in 2020, and a whopping $1.4 billion in 2021.
The global pandemic didn’t cause a drastic change in death benefits paid out, but for some reason, excess mortality was highest in 2021, when the COVID vaccine promised a way out. The year of the vaccine brought a tsunami of excess mortality, spiking the death rate to levels unthinkable for insurance companies to handle. Lincoln Financial is not poised to sue the vaccine manufacturers, however. Instead, they are justifying the surge in death payouts, pointing to “less favorable returns within the company’s alternative investment portfolio” that year. Lincoln Financial spokesperson Kelly DeAngelis said the company acquired Lincoln Life Assurance Company of Boston in 2021 and took on a slew of new claims. Even this acquisition does not explain the abnormal surge in death benefits paid out in 2021.
Perhaps the insurance companies will ultimately seek some kind of settlement from the vaccine manufacturers – to brush the depopulation issue under the rug.
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