North American Life Insurance Activity Declines 2.8% in September

North American application activity for individually underwritten life insurance declined -2.8% in September, year-over-year, according to the MIB Life Index. This marks the Index's eighth consecutive year-over-year decline in the last nine months. Third quarter activity was off -3.2% versus same quarter 2004. Year-to-date (YTD) North American activity has held steady for the past two months at -- 3.3%. This is the fourth consecutive year third quarter activity has lagged that of the prior year's third quarter. Application volumes August/September 2005 demonstrated typical seasonal growth for this period, up +2.8%. It was the second consecutive month-over-month increase.

North American Life Insurance Activity Declines 2.8% in September
Source: PR Newswire