Application activity for individually underwritten life insurance in the US increased by 2.1% year-on-year (YoY) in June 2012 for all ages combined, according to the MIB Life Index, which measures life insurance application activity in the US.
In the first half of 2012, the MIB Life Index rose 2.8% year-to-date compared to the same period in 2011. The MIB Life Index for June 2012 was also 2.2% higher than the previous month, which
Application activity in the US grew across all three age groups for the second consecutive month, according to the MIB Life Index.
YoY, for people up to the age of 44, this rose by 2% while for individuals in the 45-59 age bracket it increased by 0.7%. For those over 60, the rise was 4.5% YoY.