Life Insurance Activity Static In August
September 18, 2018 by MIB Life Index
Braintree, MA — U.S. life insurance application activity held its own in the dog days of summer, flat at -0.1% year-over-year, according to the MIB Life Index. Once again application activity ages 60+ outshined all other age groups—positive for four consecutive months and showing lesser declines in months where losses occurred. August results left the composite index YTD unchanged at -0.2%. August’s application activity was off just -0.5% from that of the prior July period showing typical seasonality. Relatively speaking, the industry is doing far better in August 2018/2017 YTD (-0.2%) than it did in the same eight month period in 2017/2016 YTD (-2.9%).
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