via @crossthemersey on X

A team of actuaries report that mortality due to COVID in US adults ages 22-44 is getting worse, life expectancy may drop in 2025 and could improve by 2034.

IRS officials started mulling the impact of COVID on mortality tables for pension plans. For life insurance policies, higher mortality rates make reserves higher & may make taxes lower. For pension plans & annuities, higher mortality rates may make reserves lower & taxes higher.

“Some plan advocates, for example, asked the IRS, an arm of the Treasury Department, to let them use mortality tables that exclude the impact of the COVID pandemic period.”

“The Treasury Department and IRS have considered this approach but rejected it.”

https://www.thinkadvisor.com/2024/10/01/covid-19-creeps-toward-life-insurance-tax-accounting/