U.S. life insurers received more requests for individual coverage in December 2009 than they did in December 2008, and activity for older applicants was much stronger.
The MIB Group Inc., Braintree, Mass., has published data supporting that finding in an analysis of North American life insurers' use of MIB databases to check individually underwritten life applications.
Overall U.S. activity volume increased 2.6%.
Activity volume fell 3.8% for applicants ages 0 to 44, but activity for applicants ages 45 to 59 increased 1.8%, and activity for applicants ages 60 and older rose almost 13%.
