NU Online News Service, June 11, 2003, 1:41 p.m. EDT – The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 12% fewer life insurance applications in May than they checked in May 2002.
U.S. activity has dropped for eight straight months, and it may be down again this month, MIB reports.
“Examining recent trends in the MIB Life Index suggests a declining forecast for June,” says Stacy Gill, MIB’s chief knowledge officer. “It’s reasonable to expect a 4% [to] 5% year-over-year decline next month.”