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:2/13/2016)... ... February 13, 2016 , ... ... Data Management Solution Providers list for its expertise in eClinical Solutions. DDi has ... to serve the technology needs of global clients. DDi provides smarter technology for ...
(Date:2/12/2016)... (PRWEB) , ... February 12, 2016 , ... ... organization devoted exclusively to funding innovative lymphoma research and serving the lymphoma community ... hosted over 250 members of South Florida’s philanthropic community at its 10th anniversary ...
(Date:2/12/2016)... ... 12, 2016 , ... Coco Libre, the maker of coconut water beverages with ... Style Lounge Event. Coco Libre will offer musicians and celebrities the company’s signature Organic ... The invitation-only gifting suite, held this year at the W Hollywood Hotel, has become ...
(Date:2/12/2016)... ... February 12, 2016 , ... Fisher House Foundation Chairman and CEO Kenneth Fisher ... Military Support Alliance president Scott Bensing, and Peggy Kearns Director, VA Southern Nevada Healthcare ... System. This will be the first Fisher House in Nevada, and will provide ...
(Date:2/12/2016)... Pittsburgh, PA (PRWEB) , ... February 12, 2016 ... ... serving families of the Pittsburgh metro area, celebrates the beginning of the latest ... help children develop social skills through art. Donations to this worthy cause are ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... SAN JOSE, Calif. , Feb. 12, 2016  SI-BONE, Inc., ... Implant System ® ("iFuse"), a minimally invasive surgical (MIS) device ... announced that National Government Services, Inc. (NGS), the Medicare Administrative Contractor ... Illinois , Maine , ... Hampshire , New York , ...
(Date:2/12/2016)... SEOUL, South Korea , Feb. 12, 2016 ... today announced they will form a partnership to ... medicine in cancer. The goal of the collaboration ... with Macrogen,s high-throughput Next Generation Sequencing capabilities toward ... Laboratory Improvement Amendments (CLIA) of 1988 by the ...
(Date:2/12/2016)... 12, 2016  Apellis Pharmaceuticals, Inc., today ... million Series D preferred stock financing, co-led ... Capital Group and venBio Global Strategic Fund, ... IB Investment, and Epidarex Capital. The proceeds of ... advance clinical trials in the Company,s ongoing ...
Breaking Medicine Technology: