Life insurance applications up 3% in 2023; first rise in nearly 4 years

January 17, 2024 by Doug Bailey

Application activity for U.S. life insurance grew at a near 3% rate in 2023 compared to the previous year showing the first uptick in almost four years, according to the MIB Group, a member-owned company that provides underwriting services to life and health insurance companies.

The 2023 year-to-year comparisons are impacted by the decline in 2022 applications. MIB reported that total activity last year was down 2.8% compared to 2021, flat compared to 2020, but up 4.4% compared to 2019.

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on January 11, 2024 by Doug Bailey.