U.S. life insurers received fewer requests for individual coverage from young applicants in September than they did in September 2007, but activity for older applicants was stronger.
The MIB Group Inc., Braintree, Mass., has published data supporting that finding in an analysis of North American life insurers’ use of MIB databases to check individually underwritten life applications.
Overall U.S. activity volume increased 1.8%, and that monthly year-over-year gain is just the second MIB has recorded since early 2006.