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Life Application Activity Drops Again in July: MIB.

Byline: Allison Bell

MIB Group Inc. says U.S. individual life insurance application activity was 2.6% lower in July than it was in July 2016.

(Related: Life Application Activity Drops Again in June: MIB)

The Braintree, Massachusetts-based organization says activity fell 0.4% for consumers ages 0 to 44, and 4.5% for consumers ages 60 and older.

Activity dropped 5.7% for consumers ages 45 to 49.

Life insurers use MIB systems to verify the information consumers give on more than 90% of life insurance applications submitted in the United States and Canada.

The drop in MIB activity occurred in spite of reports of strong sales of indexed universal life insurance.

--- Read Life Insurers Face Steep Q1 Activity Drop: MIB on ThinkAdvisor.

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Date:Aug 8, 2017
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