Navigation Links
MIB Life Index Reports North American Life Insurance Activity Up 3.9% in November
Date:12/15/2009

BRAINTREE, Mass., Dec. 15 /PRNewswire/ -- North American application activity for individually underwritten life insurance jumped +3.9% in November year-over-year, according to the MIB Life Index(SM). Solid growth in life insurance applications over the past three months have lifted year-to-date (YTD) figures from their June 2009 levels of -1.6%, to flat at November's close, -0.1%. "It is clear consumers are recovering their interest in the benefits available from life insurance," says Stacy Gill, MIB Solutions' Vice President of Actuarial and Statistical Research. U.S. and Canadian applications were up +0.6% from October to November 2009.

U.S. application activity was up +4.1% in November year-over-year, all ages combined. Growth was seen in the 45-59 and 60+ age groups up +6.7% and +18.8%, respectively, with the 0-44 age group flat at 0%. Ages 45-59 showed nascent growth as far back as June, with double-digit growth for ages 60+ in nine of the last ten months. YTD application activity has improved progressively since March and is flat at November's close at -0.4%.

Canadian application activity was up +2.3% in November year-over-year, all ages combined. Growth mirrored that of the U.S., with the 45-59 and 60+ age groups up +4.1% and +8.7% respectively, while the 0-44 age group was up +0.5% year-over-year. November's activity was off -3.5% from October 2009. YTD, Canadian application activity is up +1.9%.




                 Monthly Percent Change vs. 2008
                 -------------------------------
                                U.S.     Canada     Total
                                ----     ------     -----
    Nov. 2009                    +4.1%      +2.3%      +3.9%
    ---------                    ----       ----       ----
    Oct. 2009                    +2.2%      +3.8%      +2.4%
    ---------                    ----       ----       ----
    YTD 2009                     -0.4%      +1.9%      -0.1%
    --------                     ----       ----       ----





          Monthly Percent Change vs. Previous Month
          -----------------------------------------
                              U.S.    Canada    Total
                              ----    ------    -----
    November 2009              +1.2%     -3.5%    +0.6%
    -------------              ----      ----     ----


January 2010, MIB will debut a subscription web portal initially featuring a 2009 MIB Life Index Annual Report. Watch for registration links available from the Life Index website and these monthly e-lerts. For past releases and a free subscription to the monthly e-lerts visit www.mib.com/lifeindex.

About the MIB Life Index

The MIB Life Index is the life insurance industry's timeliest measure of application activity across the U.S. and Canada. Released to the media each month, the Index is based on the number of searches life member company underwriters perform on the MIB Checking Service database. Since the vast majority of individually underwritten life premium dollars in North America include an MIB search as a routine underwriting requirement, the MIB Life Index provides a reasonable means to estimate new business activity.

About MIB Group, Inc.

MIB Group, Inc. is the premier provider of Internet-based information and knowledge services to the risk management market in North America and is a leading facilitator of electronic insurance commerce. MIB Group, Inc. companies include MIB, Inc. and MIB Solutions, Inc. (www.mib.com).


    Contact:
    David O. Aronson
    MIB Group, Inc.
    781-751-6330
    daronson@mibsolutions.com

SOURCE MIB Group, Inc.


'/>"/>
SOURCE MIB Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. New Hair Data Validate Sharp Downward Trend in Cocaine and Methamphetamine Positivity in General U.S. Workforce, According to Quest Diagnostics Drug Testing Index(TM)
2. Cantel Medical To Join S&P SmallCap 600 Index
3. U.S. Healthcare Efficiency Index(TM) Launches Primary Data Collection to Measure Current State of Electronic Adoption and Potential Cost Savings
4. Uruguay #1 for Prosperity in South America; Venezuela and Bolivia the Worst in the Region, Finds Legatum Prosperity Index
5. Rising Medical Solutions First to Achieve Six Consecutive Rankings on the Private Company Index
6. Healthcare Breach Notification Rules Take Effect; ID Experts Offers Complimentary Tool to Measure Organizations Breach Index
7. Lilly Receives 100 Percent Rating on Corporate Equality Index Survey
8. Quest Diagnostics Marks Sixth Year on Dow Jones Sustainability Index
9. Chindex International Announces September Investor Conferences Participation
10. CareFusion Corp to be Included in S&P 500 Index
11. Chindex International, Inc. Announces New CDC Contract
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/30/2016)... ... November 30, 2016 , ... The Fertility Centers ... as a Cigna Infertility Center of Excellence. The Cigna Center of Excellence recognizes ... an honor to be designated a Cigna Infertility Center of Excellence," said Fertility ...
(Date:11/30/2016)... , ... November 30, 2016 , ... "I hate when ... arm while brushing my teeth," said an inventor from Bridgewater, N.J. "I thought that ... develop this handy device." , He developed the patent-pending DEFLECTOR to prevent saliva and ...
(Date:11/30/2016)... FL (PRWEB) , ... November 30, 2016 , ... ... disorder and mental health treatment has announced the opening of a new eating ... partial hospitalization and intensive outpatient treatment for adults and adolescents, both males and ...
(Date:11/30/2016)... ... November 30, 2016 , ... In recent policy debates, increasing ... public policymakers and system stakeholders in many states. To help them understand this ... Index for Workers’ Compensation, Eighth Edition (MPI-WC) . , “If you are a ...
(Date:11/30/2016)... ... 30, 2016 , ... The Clinical Data Interchange Standards Consortium ... Guidance goes into effect next month. Sponsors whose studies start after December 17, ... Catalog. The current FDA Data Standards Catalog specifies the use of CDISC standards: ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... 2, 2016  UCB is pleased to announce that 12 scientific ... 70 th American Epilepsy Society (AES) Annual Meeting, which ... , USA. 1-12 Data being ... of VIMPAT ® (lacosamide) CV and BRIVIACT ® ... the current state of the union of epilepsy care and ...
(Date:12/2/2016)... , December 2, 2016 The iShares ... past losses following Trump,s victory early in November. Less ... fund managers are now predicting an uptick in M&A ... equities to see how they have fared at the ... ), Amicus Therapeutics Inc. (NASDAQ: FOLD ), ...
(Date:11/30/2016)... -- Research and Markets has announced the addition of ... report to their offering. ... Detachable coil embolization is a minimally ... detachable coil embolization treatment of cerebral aneurysms is less invasive and requires ... in the wall of an artery in the brain. This area bulges ...
Breaking Medicine Technology: