Interesting topic.
I have some info that most do not know about.
My brother in law suffers from dementia.
He won't get better and eventually will die from the disease.
He is 72 and his body other than his brain is fairly okay.
Thus he could live 5-10 years.
In the USA there is not much health care for people sick like him. But you can buy your own insurance. Which he did.
This industry was in terrible shape on Jan 1 2022. Over 1 trillion in the hole. Of the 14 major companies that sell it all of them were facing bankruptcy.
The bonds were the major way this company made money. bonds paid next to 1.5% on Jan 2022
bonds now pay 4%
These companies have been saved from bankruptcy due to the fed's actions .
Look up companies like genworth
https://www.macroaxis.com/invest/ratio/GNW/Probability-Of-Bankruptcynote assets grew in 2022
2019..........2020................2021...........2022 (projected)
Cash and Equivalents 3.34 B..............2.66 B...........1.57 B...........1.61 B
Total Assets 101.34 B..........105.75 B..........99.17 B........114.09 B
you can see they recovered close to 15 billion this year. 99.17 B is up to 114.09 B
there are more companies that were struggling and they mostly have all done well due to the fed rising rates.