Life Insurance Activity Ends Strongest Quarter

Braintree, MA. (April 7, 2016) — Ending the strongest quarter yet of the current expansion, U.S. application activity for individually underwritten life insurance was up 4.9% in March year-over-year, all ages combined, according to the MIB Life Index. Life Insurance application activity was up 5.4% Q1-2016 as compared against Q1-2015.  Since its initial positive breakout in Q3-2014, the MIB Life Index has been progressively stronger in each successive quarter. March’s application activity was off -1.2% from that of February, tempered by February’s robust results.

U.S. life insurance application activity increased across all age groups; it is the fourth consecutive quarter where younger age life insurance activity (ages 0-44) has led all others. In March, application activity ages 0-44 was up 6.5%, ages 45-59 was up 3.1%, and ages 60+ was up 2.9%, year-over-year. At the close of Q1-2016, individually underwritten life insurance applications ages 0-44 were up 6.9%, ages 45-59 were up 3.5% and ages 60+ were up 3.6% as compared to the same quarter last year

Watch the MIB Life Index 2015 year-in-review available from www.mibgroup.com.

Monthly Percent Change Composite Index (year-over-year)  Mar-16 4.9% Feb-16 4.6% Jan-16 6.4% Q1 - 2016 5.4% Q4 - 2015 3.2% YTD - 2016 5.6%   U.S. Monthly Percent Change vs Prior Month   Mar-16   -1.2%

2015-2016  0-44 45-59 60+ Mar - 15 -4.5% -2.7% 1.4% Apr 5.9% -0.6% 0.6% May 4.3% 0.5% 1.6% Jun 3.7% -0.4% 0.8% Jul 6.5% 0.9% 1.8% Aug 7.0% 3.3% 3.5% Sep 2.8% -0.5% 1.2% Oct 5.6% 0.7% 1.2% Nov 3.8% 0.2% 3.1% Dec - 15 4.5% 0.1% 2.0% Jan 8.4% 4.4% 3.9% Feb 5.8% 2.9% 3.8% Mar - 16 6.5% 3.1% 2.9%