Life Insurance Applications Up Sharply In June, MIB Reports

July 16, 2019 by Talia Chaffee

U.S. life insurance application activity rose 3.3% in June year over year, nudging the MIB Life Index above par on a year-to-date basis for the first time since last February.

June’s performance was the strongest monthly percent gain of 2019, ending the third consecutive month of slowly increasing year-over-year activity in what was an uneven first six months of 2019, MIB said in a news release.

At the close of the second quarter 2019, the MIB Life Index composite is up 0.2% for the year. Second-quarter activity was up 1.5% overall over 2Q 2018, offsetting a first-quarter -1.0% decline (compared to 1Q 2018). June’s application activity was up 2.2% from that of May.

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Originally Posted at InsuranceNewsNet on July 9, 2019.