Close
ThinkAdvisor

Life Health > Life Insurance

MIB: Buyers Submit Fewer Applications

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

U.S. life insurers may have received fewer requests for individual coverage in January.

The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 6.9% fewer individually underwritten life insurance applications in January than they checked in January 2006.

Year-to-year activity comparisons have been falling since March 2006.

The MIB activity index has fallen during most months during the past 3 years.

U.S. application volume was down 7.6% for U.S. applicants ages 0 to 44; down 3.7% for applicants ages 45 to 59; and down 0.8% for applicants ages 60 and over.

More on this topic