Life Insurance Activity Saw Unprecedented Gains In 2015
January 27, 2016 by MIB Life Index
Braintree, MA. (January 22, 2016) —Application activity for individually underwritten life insurance posted its largest historical year-end gain in 2015, up +2.7% YTD, according to theMIB Life Index. Continuing the expansion seen in the last two quarters of 2014, application activity progressively gained momentum across all four quarters of 2015, suggesting continued growth heading into 2016. Excluding March, the MIB Life Index showed gains across every month in 2015, up +2.8% in December, year-over-year. Trending year-end Index values show 2015 rebounding to just slightly below the Index’s most recent highpoint in 2012; similarly on par with those seen in 2010 and 2011. Month-to-month, December’s activity was -8.2% less than that of prior month in consideration of a very strong November, up +9.7%, but consistent with previous trends for the same period.
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