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US life insurance benefits payouts reach record high

chinadaily.com.cn | Updated: 2022-11-30 11:08

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US life insurers paid out $100 billion in benefits in 2021 to beneficiaries of policyholders who died, a record annual payout for life insurers in a single year, according to new data released Monday by the American Council of Life Insurers (ACLI).

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