U.S. application activity for individually underwritten life insurance was up 2.8 percent in October, year-over-year all ages combined.
MIB Group Inc., Braintree Mass., published the finding in its MIB Life Index, a measure of life insurance application activity in the U.S. Released monthly, the index is based on the number of searches MIB life member company underwriters perform on the MIB Checking Service Database.
On the heels of a traditional summer lull, the index has had a strong showing the last two months with application activity up 1.8 percent year-to-date when compared to last October. If the trend continues, the Life Index will be on course for a robust 2012 finish.
October life insurance activity was up 9.7 percent from that of last September.