Life Insurance Applications Up Sharply In June, MIB Reports – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Top Stories
Topics
    • Life Insurance
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Content
    • Webinars
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
  • Insider
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
INN Exclusives
Top Stories RSS Get our newsletter
Order Prints
July 9, 2019 Top Stories No comments
Share
Share
Tweet
Email

Life Insurance Applications Up Sharply In June, MIB Reports

InsuranceNewsNet

From Wire Reports

U.S. life insurance application activity rose 3.3% in June year over year, nudging the MIB Life Index above par on a year-to-date basis for the first time since last February.

June's performance was the strongest monthly percent gain of 2019, ending the third consecutive month of slowly increasing year-over-year activity in what was an uneven first six months of 2019, MIB said in a news release.

At the close of the second quarter 2019, the MIB Life Index composite is up 0.2% for the year. Second-quarter activity was up 1.5% overall over 2Q 2018, offsetting a first-quarter -1.0% decline (compared to 1Q 2018). June's application activity was up 2.2% from that of May.

Older age life insurance buyers once again predominated, MIB said. While still negative at the close of 2Q, application activity ages 0-44 continued to show improvement and ages 45-59 stepped up a bit in June.

Application activity ages 0-44 were off -1.3%, ages 45-59 were up 4.1%, and ages 60+ were up 15.6% for June year over year. At the second quarter's close, year-to-date application activity ages 0-44 was off -4.5%, ages 45-59 rose 1.2%, and ages 60+ surged 12.9%.

 

Older

Commercial Auto Liability Premium Up 13% In 2018, NAIC Reports

Newer

NAIC Steps Up Online Life Insurance Awareness Campaign

Advisor News

  • Lexington native convicted of fraud over $1 billion company faces new charges
  • PERSONAL FINANCE: Understanding wills and trusts in estate planning
  • How to master employee benefits
  • Ohio businessman guilty of investment scheme
  • Layoffs may be on the horizon. Is the unemployment insurance system ready?
More Advisor News

Annuity News

  • Prudential FlexGuard reaches $10B total sales milestone at record pace
  • Retirees can rely on annuities as a source of guaranteed income for life
  • Lottery ticket bought in Illinois wins $1.337 billion
  • Mega Millions becomes Mega Billion for Friday drawing
  • Confused by huge Mega Millions prize? Here are some answers
More Annuity News

Health/Employee Benefits News

  • North Carolina woman convicted in $34 million health care fraud scheme
  • Growing number of workers enroll in high deductible health plans
  • The Schumer-Manchin deal’s ACA provision creates another budgetary ‘cliff’
  • They wanted to stop Obamacare. They may have protected abortion rights in Wyoming instead.
  • Miami doctor sentenced in $38 million health care fraud scheme
More Health/Employee Benefits News

Life Insurance

  • How to get the most out of Life Insurance Awareness Month
  • Life application activity down in July, MIB Index reports
  • Dentist found guilty of murdering his wife for life insurance on African safari
  • Should student loan borrowers also get life insurance?
  • NCOIL resolution: certain enhanced cash surrender value endorsements are violations
More Life Insurance

- Presented By -

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

FEATURED OFFERS

Grow your life insurance business with John Hancock • It’s time to see how our cutting-edge solutions can help you and your clients get to know us.

Press ReleasesAll press releases

  • CybeReady Supports Security Defenses with CISO Toolkit
  • Life and Disability Income Insurance Products from MassMutual Now Available on iPipeline®’s End-to-End Digital Platform
  • Business on the Go with The Crump Mobile App
  • iPipeline® Provides Advisors Excel with Unified Path Toward Accessing Core Data Analytics in Financial Services
  • iPipeline® Adds Speed of Underwriting to Quote Engine with Ethos to Deliver Insurance to Agents in Minutes
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Content
  • Webinars
  • Monthly Focus

Top Sections

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2022 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.