Life: decline in applications.Applications for life insurance last year fell by 3.3%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the MIB (1) (Management Information Base) The hierarchical database used by the simple network management protocol (SNMP) to describe the particular device being monitored. MIB objects are identified using ASN.1 syntax. See SNMP, RMON, OID and ASN.1. Life Index. When coupled with declining activity in 2004 (minus 2.3%) and in 2003 (minus 3.0%), the industry's three-year decline exceeded 8%. December's decline was 5.5% as compared to December 2004. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , application activity was down 5.8% in December and down 3.4% for the year. Canadian activity was off 3.0% in December and off 1.9% for all of 2005. The greatest annual declines in applications in both the United States and Canada came in the 0-44 age group; the least were in the 60-plus category. Premiums and average face amounts of new individual life policies continued to rise last year, however. "This is another manifestation man·i·fes·ta·tion n. An indication of the existence, reality, or presence of something, especially an illness. manifestation (man´ifestā´sh that the middle and lower end of the market continues to remain underserved by current distribution and product designs," said Stacy Gill, MIB Group's chief knowledge officer. |
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