U.S. application activity for individually underwritten life insurance increased in the first quarter of 2012, rising 4.2% compared to the same period last year–the U.S. industry’s best start since 2007, according the latest Medical Information Bureau (MIB) Index Report.
First quarter growth, the index says, spanned all ages:
- 0-44 up +2.4% (largest quarterly increase since Q1 2002);
- 45-59 was up +3.5% (largest quarterly increase since Q4 2009); and
- 60+ up +11.5% year-over-year (largest quarterly increase since Q1 2010).
MIB Group Inc., a Braintree, Mass.-based provider of health insurance of risk information and analytical services, published this finding in the company’s latest monthly MIB Life Index, a measure of the industry’s application activity in the U.S. The Index is based on the number of searches MIB life member company underwriters perform on the MIB Checking Service database.