U.S. Life Insurance Activity Finishes up 2.5% in January Reports the MIB Life Index
February 19, 2020 by MIB Life Index
Braintree, MA. (February 12, 2020) — U.S. life insurance application activity was up 2.5% Y/Y in January, predominantly led by younger age buyers, according to the MIB Life Index. The January Index puts an optimistic spin on life insurance application volume after an uninspiring 2019 YTD (+0.4%), setting a January index level not seen since 2016. January’s activity was up 7.3% from that of December, in an unprecedented jump for a January M/M.
All the MIB Life Index age groups showed growth in January with life insurance application activity ages 0-44 up 3.4%, ages 45-59 flat at 0.1%, and ages 60+ up 3.4%. As the largest segment of the composite Index, ages 0-44 had the greatest impact, while ages 60+ seemed to put the brakes on a bit after 2019’s 10.1% year-end growth.
Lee Oliphant, MIB’s CEO presents the 2019 and early 2020 trends in our Life Index Year-in-Review video: bit.ly/2019LifeIndexVideo.
Login to the Enhanced Life Index Portal to download our 2019 and past MIB Life Index Annual Reports at no charge. Portal Registration: www.mibsolutions.com/regLI.
View the “2019 Life Index At-the-Half” video.
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Originally Posted at MIB Life Index on February 12, 2020 by MIB Life Index.
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