Filed Under:Life Insurance, Life Products

MIB Life Index: Life Insurance Activity Climbs in May

Hasan Jamali AP Images
Hasan Jamali AP Images

Application activity in the U.S. for individually underwritten life insurance continued on its positive trajectory in May, up 1.3% year-over-year for all ages combined according to the MIB Life Index.

MIB Group Inc., a Braintree, Mass.-based provider of life and health insurance information published the statistics in their latest monthly MIB Life Index. The index measures the industry’s application activity in the U.S., and is based on the number of searches MIB life member company underwriters perform on the MIB Checking Service database.

The index has been showing positive numbers seven of the past eight months after breaking from monthly losses in the fourth quarter of 2011. As the seasonal period of summer stagnation approaches, year-to-date, the MIB Index is up 2.9% when compared to the same five months last year. The index was down 7.8% from April levels but that decline was in synch with historical percentages for this time period.

Application activity among ages 0-44 was up 0.4%; ages 45-59 was up 1.0% and ages 60 and higher was up 4.8%/









Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


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.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.