NU Online News Service, July 11, 4:13 p.m. – The MIB Group Inc., Westwood, Mass. says the U.S. life insurers it serves checked 2.5% fewer individual life applications in June than they did in June 2001.
Activity for the second quarter was up 5.1% from activity for the second quarter of 2001, but June activity was weaker than May activity, and May activity was weaker than April activity.
“The overall trend remains positive, but June’s drop in activity, together with back-to-back monthly declines in volume, suggests a moderating growth trend overall,” Stacy Gill, a MIB vice president, says.