MIB Life Index Reports North American Life Insurance Activity Off 6.5% In December

Applications for individually underwritten life insurance in North America were off -6.5% in December, year- over-year, according to the MIB Life Index(SM). This marks the tenth consecutive month where 2006 activity was below that of the same month in 2005. Overall, 2006 application activity trailed that of 2005 by -3.8%. Coupled with declining years in 2005 (-3.3%) and 2004 (-2.3%), the industry is experiencing a three-year decline of -9.0% in applications for individually underwritten life insurance.

MIB Life Index Reports North American Life Insurance Activity Off 6.5% In December
Source: PR Newswire