Tuesday, November 28, 2006
MIB Life Index Report North American Life Insurance Activity Down 4.1% in October
North American application activity for individually underwritten life insurance declined -4.1% in October year-over-year, the eighth straight month where 2006 activity was below that of 2005, according to the MIB Life Index(SM). Year-to-date (YTD), U.S. and Canadian application activity is off -3.2%, compared to the same ten months in 2005.
U.S. application activity declined -3.3% in October year-over-year, all
ages combined. Application volume declined in the 0-44 and 45-59 age groups off -5.1% and -1.2%, respectively while ages 60+ increased +2.0% versus October 2005. For the first time in five years, October's monthly figures showed a decline from this past September (-1.4%). Previously, this time period has shown increases of between +0.2% and +1.5%, including 2005's increase of +1.0%.
MIB Life Index Report North American Life Insurance Activity Down 4.1% in October
Source: PR Newswire
U.S. application activity declined -3.3% in October year-over-year, all
ages combined. Application volume declined in the 0-44 and 45-59 age groups off -5.1% and -1.2%, respectively while ages 60+ increased +2.0% versus October 2005. For the first time in five years, October's monthly figures showed a decline from this past September (-1.4%). Previously, this time period has shown increases of between +0.2% and +1.5%, including 2005's increase of +1.0%.
MIB Life Index Report North American Life Insurance Activity Down 4.1% in October
Source: PR Newswire
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