U.S. Individual Life Applications Climb 18.5%

April 20, 2021 by Allison Bell

What You Need to Know

• Application counts increased for all age groups MIB tracks.
• Activity increased by more than 10% for all types of products.
• Whole life activity showed the most growth, and term life activity showed the least.
• U.S. consumers kept individual life insurance underwriting systems busy in March.

Individual life application volume climbed 18.5% between March 2020 and March 2021, according to MIB Group Inc.’s new individual life application activity report.

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Originally Posted at ThinkAdvisor on April 16, 2021 by Allison Bell.