Life Application Activity Levels Off

June 8, 2021 by Allison Bell

• Individual life application volume rose 1.9% between May 2020 and May 2021, according to MIB Group Inc.’s new individual life application activity report.

In April, application activity climbed 10.7%.

MIB helps life insurers in the United States and Canada share some of the resources used to vet applications for life insurance and related products.

The Braintree, Massachusetts-based group uses its own application-checking activity data to compile the application activity reports. The statistics reflect the number of applications sent through MIB verification systems, not the number of final sales.

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Originally Posted at ThinkAdvisor on June 7, 2021 by Allison Bell.