Life Application Activity Returns to Pre-COVID Normal
August 9, 2022 by Michael S. Fischer
U.S. life insurance applications from consumers fell by 7.7% year over year in July, according to MIB Group’s activity report released this week. Activity was down by 13% from July 2020, when a coronavirus-related spike occurred, and was flat compared with the previous year. This suggests that policy purchases have returned to something like normal.
A similar pattern was evident for the year to date: Applications declined by 6.3% from a year earlier and were flat for the previous two years.
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Originally Posted at ThinkAdvisor on August 5, 2022 by Michael S. Fischer.
Categories: Industry Articles