I dont believe its 1% because that is the death rate over the...

I dont believe its 1% because that is the death rate over the total time of the pandemic.
Deaths were much higher at the beginning of the virus in March and April.
Since then the death rate is much less percentage wise.
Look at other countries for more evidence.
The virus is not a virulent as at the beginning

(but yes some already sick 90 year olds will die)