MIB Life Index Reports U.S. Life Insurance Activity off -3.0% in March
U.S. application activity in March was down for ages 59 and lower, with ages 60+ continuing to trend higher as it has since April of 2014. In March, ages 0-44 were off -4.5%; up +0.8% Q1, ages 45-59 were off -2.7%; up +1.4% Q1, and ages 60+ were up +1.4%; up +4.0% Q1, year-over-year.
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Monthly Percent Change |
|
|
-3.0% |
|
+2.3% |
|
+5.7% |
Q1 - 2015 |
+1.5% |
Q4 - 2014 |
+2.6% |
U.S. Monthly Percent Change by Age (year-over-year) |
|||
Mar. '15 |
Feb. '15 |
Jan. '15 |
|
0 - 44 |
-4.5% |
+1.9% |
+5.7% |
45 - 59 |
-2.7% |
+2.0% |
+5.3% |
60 + |
+1.4% |
+4.2% |
+6.3% |
U.S. Monthly Percent Change |
|
|
-1.5% |
About the MIB Life Index
The MIB Life Index is the life insurance industry's timeliest measure of application activity in
About MIB
MIB is the life and health insurance industry's most trusted resource for risk information and analytical services. Owned by the industry it has served for more than a century, MIB is uniquely positioned to aggregate industry insights in order to develop products and services for our members that improve their risk assessment. As the life insurance industry's first appointed statistical agent, our
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SOURCE
LIMRA: Americans Continue To Overestimate Cost Of Life Insurance
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