U.S. life insurers received fewer requests for individual coverage in December 2010 than they did in December 2009, but activity for older applicants continued to be strong.
The MIB Group Inc., Braintree, Mass., has published new life activity data in an analysis of U.S. life insurers’ use of MIB databases to check individually underwritten life applications.
Overall U.S. activity volume decreased 1.4%. Activity volume fell 3% for applicants ages 0 to 44 and 1.7% for applicants ages 45 to 59. Activity for applicants ages 60 and older rose 6.2%
The overall activity drop for 2010 was 1.2%, compared with a drop of 0.2% in 2009.