Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

MIB: May Life Activity Rises 0.5%

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, June 15, 2004, 7:31 p.m. EDT – The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 0.5% more life insurance applications in May than they checked in May 2003.[@@]

In May, activity for U.S. applicants over age 59 grew 7.9%, while activity for U.S. applicants under age 45 fell 0.4%.

Although activity was flat, the market showed some signs of firming up. MIB has recorded drops in the overall U.S. activity level during most of the last 12 months. Activity was flat in April.

Canada generated weaker activity than the United States did. There, the overall activity level fell 1.8% in May, 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.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.