MIB: Life Insurance Activity Flat at 0.2%
Braintree, MA. – June 8, 2010 - U.S. application activity for individually underwritten life insurance was flat this past May at +0.2% year-over-year all ages combined, according to the MIB Life Index (SM). Strength in the fourth quarter of 2009 in the U.S. Life Index, has given way to fluctuating gains and losses exhibited in the first five months of 2010. May’s application activity was off -4.9% from that of April -- consistent with seasonal norms. Year-to-date, individual application activity for the industry remains positive at +0.6%.
U.S. application activity by age group for May: ages 0-44, off -3.7%; ages 45-59, up +2.1%; and ages 60+ up +12.1% year-over-year. “Continued growth among middle age applicants in all but 4 of the past seventeen months is a positive sign for the industry, as premium dollars for life insurance successfully compete against other investments for this peak earning demographic,” states Stacy J. Gill, MIB Solutions’ Executive Vice President.
Trend analytics for the MIB Life Index are available free with registration by visiting www.mibsolutions.com/LI



NOTE: Effective January 2010, MIB will suspend publication of the Canadian Life Index. Increased volatility and ongoing market consolidation has created the need to re-examine the method of calculating the MIB Life Index for Canada.
About the MIB Life Index
The MIB Life Index is the life insurance industry's timeliest measure of application activity across the U.S. and Canada. Released to the media each month, the Index is based on the number of searches life member company underwriters perform on the MIB Checking Service database.
Since the vast majority of individually underwritten life premium dollars in North America include an MIB search as a routine underwriting requirement, the MIB Life Index provides a reasonable means to estimate new business activity. For past releases and an email subscription visit HU www.mib.com/lifeindex .
About MIB Group, Inc.
MIB Group, Inc. is the premier provider of Internet-based information and knowledge services to the risk management market in North America and is a leading facilitator of electronic insurance commerce. MIB Group, Inc. companies include MIB, Inc. and MIB Solutions, Inc. (www.mib.com).
Contact:
David O. Aronson
MIB Group, Inc.
781-751-6330
[email protected]


Kamakura Reports Decline in Corporate Credit Quality in May: Kamakura Troubled Company Index Jumps 0.84% to 10.30%
Sagicor Provides Greater Competitive Advantages To Its Producers With Insurance Technologies Foresight™ 5.0
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Market-value adjusted annuities: Key considerations for advisors
- Private equity’s next play in insurance
- Immediate Care Plan: A new solution for funding LTC
- Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
More Annuity NewsHealth/Employee Benefits News
- Medicaid insurers’ contracts on the line in tight Iowa governor’s race
- Here are the corporate PACs fueling Tennessee’s race for governor
- OPINION: Healthcare costs are surging. Taxing billionaires will help Californians keep their coverage
- Doctors concerned about Medicaid work rule
- Studies from Harvard University T.H. Chan School of Public Health Describe New Findings in Managed Care [Preconception, prenatal and postnatal exposure to gaseous air pollutants (NO2, O3) and neurodevelopmental disorders in children among …]: Managed Care
More Health/Employee Benefits NewsLife Insurance News
- AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
- Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
- AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of The Fortegra Group, Inc.’s Insurance Subsidiaries
- Yancey Jr., Delos Harley
- Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
More Life Insurance News