MIB Group Inc. says life insurance application activity was either pretty good in March or terrific, depending on the yardstick used.
The Bottom Line
Central banks worldwide have reacted to the recent financial crisis with a massive increase in liquidity and the reduction of key interest rates to a historically low level, in hopes of stimulating the local economy and jump-starting inflation.
After two consecutive monthly declines, U.S. application activity for individually underwritten life insurance fell in the third quarter by -0.6% year over year, according to the MIB Life Index.
The growth trend in U.S. application activity for individually underwritten life insurance showed signs of restraint in April, up 1.0% year-over-year, all ages combined.
An increase in consumers willing to recommend life insurance to others contributes to a more positive climate for the product, according to the 2016 Insurance Barometer Study.
Growing over the last five consecutive quarters, application activity for U.S. individually underwritten life insurance was up +3.5% in October year-over-year, all ages combined, according to the MIB Life Index.
Individual life insurance new annualized premium grew 11 percent in the fourth quarter 2014; resulting in a 2 percent increase for the year, according to LIMRA’s Retail Individual Life Insurance Survey.