Close Close

Life Health > Life Insurance

Life Application Activity Drops Again in July: MIB

Your article was successfully shared with the contacts you provided.

MIB Group Inc. says U.S. individual life insurance application activity was 2.6% lower in July than it was in July 2016.

(Related: Life Application Activity Drops Again in June: MIB)

The Braintree, Massachusetts-based organization says activity fell 0.4% for consumers ages 0 to 44, but increased 4.5% for consumers ages 60 and older.

Activity dropped 5.7% for consumers ages 45 to 49.

Life insurers use MIB systems to verify the information consumers give on more than 90% of life insurance applications submitted in the United States and Canada.

The drop in MIB activity occurred in spite of reports of strong sales of indexed universal life insurance.

Read Life Insurers Face Steep Q1 Activity Drop: MIB on ThinkAdvisor.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.