NU Online News Service, Sept. 12, 10:23 a.m. – The MIB Group Inc., Westwood, Mass. says the U.S. insurers it serves checked 5% fewer individual life applications in August than they did in August 2001.
Application growth at Canadian insurers also stalled. Canadian application activity increased 19% in July but fell to 0% in August.
Because Canadian activity was unchanged and U.S. activity fell so sharply, overall North American activity fell 4.6%, MIB says.