Life Application Activity Falls: MIB

April 15, 2020 by Allison Bell

U.S. life insurance application increased a little for young consumers in March but fell for older consumers, according to MIB Group Inc.

The Braintree, Massachusetts-based group says overall application activity was 2.2% lower last month than in March 2018.

Here are the MIB activity numbers for each age group for March:

• Ages 0-44: +0.3%
• Ages 45-59: -4.2%
• Ages 60 and older: -6.2%

MIB is a nonprofit industry group that helps life insurers share some of the information used in the underwriting process.

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Originally Posted at ThinkAdvisor on April 10, 2020 by Allison Bell.