Life insurance application volume showed signs of a thaw earlier this year, then froze over.[@@]
The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 5.5% fewer life insurance applications in February than they checked in February 2004.
In January, MIB found that life insurance application activity rose 0.9%. The January increase was the first MIB had recorded since August 2004.
U.S. insurers in February suffered as the number of applications submitted by consumers under age 60 plummeted.