NU Online News Service, Jan. 29, 2:53 p.m. – MIB Group Inc., Westwood, Mass., says U.S. life insurers checked only 1.1% more life insurance applications in 2002 than they checked in 2001.
U.S. activity boomed early in the year, then tailed off.
But “it was a solid year for the U.S. life insurance market in light of 2001′s flat performance,” says Stacy Gill, a vice president at MIB’s e-Services Corp.
The performance was especially impressive given the fact that the major stock indices were all down 15% to 30%, Gill says.