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October Life Applications Up 8.6%

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NU Online News Service, Nov. 8, 3:18 p.m. – The MIB Group Inc., Westwood, Mass. says U.S. and Canadian life insurers accepted 1.4 million applications in October, up 8.6% from the activity rate for October 2000.

Activity was up 8.5% in the United States and 9.6% in Canada, MIB says.

“For U.S. companies, this represents a dramatic improvement in a trend that has been generally flat or declining,” says Stacy Gill, a MIB marketing executive.

MIB is a nonprofit group that collects information on individual life insurance customers for most U.S. and Canadian life and health insurance companies. It bases its activity index on the activity level for its own databases.