Life Application Activity Levels Off
June 8, 2021 by Allison Bell
- Individual life application volume rose 1.9% between May 2020 and May 2021, according to MIB Group Inc.’s new individual life application activity report.
In April, application activity climbed 10.7%.
MIB helps life insurers in the United States and Canada share some of the resources used to vet applications for life insurance and related products.
The Braintree, Massachusetts-based group uses its own application-checking activity data to compile the application activity reports. The statistics reflect the number of applications sent through MIB verification systems, not the number of final sales.