U.S. life insurance application activity went back to normal in March: It fell — because consumers under age 60 stayed away.
Life activity increased from year-earlier levels in January and February, according to activity data from MIB Group Inc. Those were the first year-over-year increases MIB had reported since July 2018.
In March, MIB says, overall activity fell 4.9%.
In February, MIB says, activity increased a second time: Activity was 0.4% higher last month than in February 2018.
Application activity was much stronger at the beginning of the year for consumers ages 45 and older than for consumers under 45, and that trend continued into March.