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 Life Products Resources

Powered by

  • GUL vs. IUL: Get the facts

    Join Charlie Gipple on March 25th at 2:00 EST as he walks you through the trade-offs of the premium cost, no-lapse guarantee and the potential for cash value growth between Guarantee Universal Life (GUL) and Index Universal Life (IUL) Insurance.

  • Essential Training to Grow your IUL Business

    At the "Get Set for Life" event in Chicago, you’ll discover how to close more new business with a proven 5-minute presentation that will add 6 figures to your bottom line.


Advertisement. Closing in 15 seconds.