U.S. life insurers researched more requests for individual coverage in March than they did in March 2010, and 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 increased 0.6% in March. Activity volume fell 0.6% for applicants ages 0 to 44 and 1.6% for applicants ages 45 to 59. Activity for applicants ages 60 and older climbed 9.3%.
In February, application research activity was 1.4% lower than in February 2010.
In related news, Country Financial, Bloomington, Ill., says Americans seem to be more pessimistic but also seem to be working harder to save for the future.