U.S. Individual Life Applications Climb 18.5%
April 20, 2021 by Allison Bell
What You Need to Know
- Application counts increased for all age groups MIB tracks.
- Activity increased by more than 10% for all types of products.
- Whole life activity showed the most growth, and term life activity showed the least.
- U.S. consumers kept individual life insurance underwriting systems busy in March.
Individual life application volume climbed 18.5% between March 2020 and March 2021, according to MIB Group Inc.’s new individual life application activity report.