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: Buyers Submit Fewer Applications

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

U.S. life insurers received fewer requests for individual coverage in January 2008 than they did in January 2007.

The MIB Group Inc., Braintree, Mass., says U.S. life insurers used MIB databases to check 4.8% fewer individually underwritten life insurance applications in January than they used to check applications in the comparable month a year earlier.

MIB U.S. activity volume has fallen in most months since March 2006.

MIB U.S. application volume was down 5.7% for U.S. applicants ages 0 to 44; down 5.5% for applicants ages 45 to 59; and up 2.6% for applicants ages 60 and over.

Canadian life application activity increased 9.5%.


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.