MIB Sees Return Of Younger Applicants

Canadian insurers did better in terms of total 2003 application activity than U.S. insurers did. For the full year, the Canadian activity level was down 1.4%. That compares with a 4.1% decline in U.S. 2003 activity. But the Canadian activity level increased only 3.5% in December 2003, MIB reports.

MIB is a nonprofit group that collects information about individual life insurance customers for most U.S. and Canadian life and health insurance companies. The group uses the search activity statistics for its own databases to compute the life application activity statistics.