U.S. life insurers received more requests for individual coverage in October than they did in October 2008, and activity for older applicants soared.
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 2.2%. That is just the third year-over-year monthly gain MIB has recorded since early 2006 — but the second consecutive year-over monthly gain.