U.S. Life Insurance Activity Leveled In April
May 10, 2017 by MIB Life Index
Braintree, MA. (May 10, 2017) — U.S. individually underwritten life insurance activity showed positive trends this April after three consecutive months of earlier decline. April’s composite MIB Life Index was off slightly, down -0.3% from the same month last year. With a third of the calendar year completed, the MIB Life Index is off -3.4% YTD — showing significant improvement over last month’s Q1 -4.5% YTD close. In relative terms, the April 2016 comparative MIB Life Index value was the strongest April Index value in the last five years. April 2017’s slight year-over-year decline shows that application activity is keeping pace. April’s application activity was -1.3% lower than that of March in the month-over-month comparison.
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