The person that sold that idea cashed out and left the company long ago.
Where are you getting these numbers? I know multiple people in the US who have needed a COVID ICU bed, and they certainly weren't paying $100k out of pocket to do so. In most areas of the US, $100k could buy you a small house.
I've known of quite a few deaths of youngish people recently and only one was COVID related. Car crashes, ODs and other medical issues. Like I've known two girls both about 30 that died unexpectedly of non-covid medical issues last year.
You may be interested to see Kaiser Permanente's recent study, suggesting that more than one in 2,000 young men are experiencing untimely heart disease with a known cause: https://www.medrxiv.org/content/10.1101/2021.12.21.21268209v...
2) If you go into the ICU for Covid you're probably leaving via the morgue. The survival chance for a Covid patient in the ICU is a lot lower than the typical ICU patient.
I just don't take it seriously anymore. Track 200 factors, 200 businesses, or 200 industries and you will see 1 event per year. Track all of the above and you will see 40,000 such events in a year.
More to the point, their actuarial model was probably wrong, not reality. Somewhere buried in their model were assumptions excluding black swan events