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Mary Elizabeth Schmidt (Liz) passed away on Jan. 11, 2024, at age 89, after a four-year battle with dementia. She is now at peace with our Lord.

Covid-19 impact revealed in life companies’ claims figures Words on Wealth: Life insurance claims statistics for 2020 released this week by Liberty and Old Mutual reveal how Covid-19 has disrupted normal business between life insurers and consumers, directly and indirectly. Old Mutual paid out 22% more on claims for its underwritten risk products (way above its average 9% year-on-year increase), with a rise in claims related to respiratory illness and a rise in retrenchment claims. And although the increase in payouts on Liberty’s risk products (of 7.94%) was broadly in line with it...

Between August and October last year, Liberty was processing more than 60 retrenchment claims a month. By TimesLIVE - 20 May 2021 Between August and October last year, insurer Liberty was processing more than 60 retrenchment claims a month. Image: REUTERS/ MIKE HUTCHINGS In early 2020, insurance group Liberty was processing about 10 retrenchment claims a month. But five months after Covid-19 struck, that number increased six-fold. Liberty’s retrenchment claim statistics for 2020, released on Wednesday, give an indication of just how many people lost their jobs in ...