U.S. application activity for individually underwritten life insurance edged up 2.1 percent in June compared to the year-ago period, according to new research.
MIB Solutions Inc. unveils this finding in its MIB Life Index, a measure of 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.
The index has shown growth in ten of the last 11 months trailing, marking 2.6 percent growth in the second quarter over Q2 2014. June’s activity was up slightly (0.5 percent) from May, demonstrating consistent seasonality.