U.S. Life Application Activity Heats Up

February 13, 2023 by Allison Bell

U.S. individual life insurance application activity looked healthier in January, according to new MIB Group survey data.

The insurance data-sharing consortium saw the number of applications flowing through its application-checking systems increase 8.6% from the number recorded in January 2022.

In 2022, the MIB life application activity indicator fell 5.5%, partly because consumer fear of the COVID-19 pandemic made 2021 a boom year for life sales.

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Originally Posted at ThinkAdvisor on February 9, 2023 by Allison Bell.