Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

MIB: Life Activity Off 3.4% in September

X
Your article was successfully shared with the contacts you provided.

Application activity for individually underwritten life insurance fell in September by 3.4% compared to last year. The finding comes after three months of year-over-year expansion.

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.

Activity volume fell for applicants age 0-44 by 7.1%. Activity was down by 1.7% in the 45-59 age group but was up 6.9% for ages 60 and up year-over-year.  

The drop in activity negated unseasonal gains that were seen from June through August however,while still in the midst of a rickety economy, Q3 2011/2010 was relatively stagnant, down 0.3% compared to a 2010/2011 Q3 decline of 2.6%.


NOT FOR REPRINT

© 2024 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.