Filed Under:Life Insurance, Life Products

MIB: Buyers Submit Fewer Applications

U.S. life insurers may have received fewer requests for individual coverage in January.

The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 6.9% fewer individually underwritten life insurance applications in January than they checked in January 2006.

Year-to-year activity comparisons have been falling since March 2006.

The MIB activity index has fallen during most months during the past 3 years.

U.S. application volume was down 7.6% for U.S. applicants ages 0 to 44; down 3.7% for applicants ages 45 to 59; and down 0.8% for applicants ages 60 and over.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.