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Life Insurance activity up 1.2 % in January
Wednesday, 17 February 2010 21:09

U.S. application activity for individually underwritten life insurance rose 1.2 percent in January year-over-year, according to the MIB Life index.

January's increase marks the sixth consecutive month where positive year-over-year growth was seen in the index, the longest consecutive streak of increases on record.

For Americans aged 0 to 44, activity was off negative 2.5 percent, while for those aged 45 to 59, it was up 2.5 percent. Finally, for those ages 60 and up, activity was up 15.2 percent, the tenth consecutive month of year-over-year, double-digit growth for the group.

Meanwhile, the 45 to 59 age group, which had been losing ground steadily since 2004, has experienced improvement in application activity since July of 2009.

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