Life Application Activity Falls: MIB
April 15, 2020 by Allison Bell
U.S. life insurance application increased a little for young consumers in March but fell for older consumers, according to MIB Group Inc.
The Braintree, Massachusetts-based group says overall application activity was 2.2% lower last month than in March 2018.
Here are the MIB activity numbers for each age group for March:
- Ages 0-44: +0.3%
- Ages 45-59: -4.2%
- Ages 60 and older: -6.2%
MIB is a nonprofit industry group that helps life insurers share some of the information used in the underwriting process.
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