NU Online News Service, Dec. 6, 3:18 p.m. – The MIB Group Inc., Westwood, Mass. says U.S. and Canadian life insurers accepted 1.3 million applications in November, up 6.6% from the activity rate for November 2000.
Activity was up 5.6% in the United States and 15.1% in Canada, MIB says.
November application volume was down from volume for the previous month, but MIB is attributing the drop to the fact November had fewer working days, and the fact that October was an unusually strong month for life insurance sales because of the psychological effects of the Sept. 11 attacks.