Life Insurance Activity Growing ‘Steady’ So Far In 2021: MIB
February 10, 2021 by Staff Reports
Life insurance application activity continues to grow at a steady pace early in 2021, with year-over-year activity up 3.9%, according to the January MIB Life Index.
Growth was largely driven by the 31-50 age group, up 8.5%, MIB reported, while older age groups 61 and older declined year over year.
Growth in January was seen across all age bands up to and including age 60. Specifically, up to age 30 grew by 3.7%, and 51-60 grew by 2.9%.