NU Online News Service, May 15, 2003, 4:53 p.m. EDT – The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 9.6% fewer life insurance applications in April than they checked in April 2002.
April marks the seventh straight month of decreases in activity, MIB reports.
“The prolonged weak economy continues to challenge the life insurance industry,” says Stacy Gill, MIB’s chief knowledge officer. “Application activity is down across the board in all age groups.”