NU Online News Service, June 14, 1:33 p.m. – The MIB Group Inc., Westwood, Mass. says the U.S. life insurers it serves checked 4% more individual life applications in May than they did in May 2001.
The MIB activity growth rate was down from an activity growth rate of 10.9% reported for April.
“Although activity in the age group 45-and-older was up a healthy 8%, more modest growth in the 44-and-under age group dampened the overall growth in application volume for U.S. companies,” Stacy Gill, a MIB vice president, says.