Life Insurance Activity Back To 2019-20 Levels, MIB Index Reports

March 15, 2022 by MIB Life Index

U.S. life insurance application activity declined in February 2022 compared to February 2021, with year-over-year (YOY) activity down -3.8%, representing the third consecutive month with YOY declines, the MIB Life Index reported. On a year-to-date (YTD) basis, activity is down -4.3%. However, when taking a historical lookback, comparing February 2022 activity to the same month in 2020 and 2019, YOY growth was +3.2% and +4.8% and YTD growth was +1.0% and +2.3%, respectively. On a month-over-month (MOM) basis, February showed improvements, posting the second consecutive MOM gain with +7.0% activity.

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Originally Posted at InsuranceNewsNet on March 8, 2022 by MIB Life Index.