NU Online News Service, April 8, 10:34 a.m. – The MIB Group Inc., Westwood, Mass. says the U.S. and Canadian life insurers it serves checked 1.4% fewer individual life applications in March than they checked in March 2001.
The number of applications checked was down 2.5% in the United States but up 9.1% in Canada, MIB says.
“A 3.8% drop in U.S. application activity in the 0-44 age group for March contributed to dragging the monthly activity below that of March 2001,” Stacy Gill, a MIB vice president, says. “Even so, activity in that age group was 6% above February’s level.”