Came across this article today:
https://www.thecentersquare.com/indiana ... 25e2c.html
Pretty frightening stuff, but it leads to some thoughts if this trend continues;
- Most, if not all, of the insurance companies in this country will go bankrupt in the next two years or so. Paying off all those life insurance policies will deplete all their reserves of cash and whatever else they hold.
- As the insurance companies increasingly realize their situation, and flounder around trying to survive, they will raise premiums to sky high levels.
- Insurance companies will raise rates on all kinds of policies, not just life insurance. Look for car insurance and mortgage insurance rates to soar.
- What is the ripple effect of this through the rest of the economy?