Individual U.S. life insurance applications handled by the industry fell 2.6% in July from July 2006 levels, according to the MIB Group Inc., Westwood, Mass.
Year to date, applications processed in 2007 declined 3.5% from the same period in 2006, according to MIB.
Decreased activity was seen in the 0-44 age group, off 4.5% year to date, and for applicants aged 45-59, off 1.7%.
However, the 60+ age group increased applications 5.2% vs. July 2006, MIB reports.
© 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.
