July 09, 2008 at 03:45 PM
U.S. life insurers have received fewer requests for individual coverage in June 2008 than they did in June 2007, but they received more requests from older applicants.
The MIB Group Inc., Braintree, Mass., says U.S. life insurers used MIB databases to check 0.9% fewer individually underwritten life insurance applications in June 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 2.3% for U.S. applicants ages 0 to 44, but activity rose 0.5% for applicants ages 45 to 59 and 5.1% for applicants ages 60 and over.
NOT FOR REPRINT
© 2023 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.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
