U.S. life insurance application activity did something shocking in February: It increased — for the second month in a row.
Activity was 2.1% higher in January than in January 2018, according to activity data from MIB Group Inc. That’s the first overall, year-over-year increased in activity since July 2018.
In February, MIB says, activity increased a second time: Activity was 0.4% higher last month than in February 2018.
(Related: Life Activity Climbs — for Two Age Groups)
In January, MIB found that activity growth was strong for consumers ages 60 and older, and moderate for consumers ages 45 through 59. The activity level for consumers ages 44 and younger shrank.
That trend continued in February.