Older Consumers’ Life Application Activity Continues to Rise: MIB

October 11, 2018 by Allison Bell

MIB Group Inc. says its overall life insurance application activity index was 0.4% lower in September than in September 2017.

But activity for consumers ages 45 and older was up.

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MIB is a Braintree, Massachusetts-based group that helps life insurers share information used in checking life insurance applications.

MIB analysts create their monthly activity reports using the application-checking volume as an activity indicator.

In September:

• Application activity for consumers ages 0 to 44 fell 2%.
• Activity for consumers ages 45 to 59 increased 0.2%.
• Activity for consumers ages 60 and older increased 3.3%.

For the first eight months of the year, overall MIB life application activity is down 0.2% when compared with the first months of 2017.

Originally Posted at ThinkAdvisor on October 11, 2018 by Allison Bell.