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Life insurance applications stagnant during March

Posted On Mon, April 16, 2012

A recent report from MIB Solutions found that life insurance application activity was flat year-over-year in March.

The MIB Life Index showed that this activity for underwritten life insurance policies finished 0.3 percent below the same point in 2011 for all ages. However, even with the flat figure during March, the first quarter witnessed a 4.2 percent increase compared to the same point in 2011. This is the best start to a year since 2007. Application volume for March was still 4.5 percent lower than February's figure.

The composite activity for both the month of March and the first quarter of 2012 compared to the same points in 2011 declined 2.1 percent for those 44 years old and younger, according to the report. It was unchanged for those between the ages of 45-59, while it increased 5.2 percent for those 60 and older.

Consumers interested in obtaining a life insurance plan may benefit from comparing a number of different life insurance quotes. By looking for multiple options, a person could get the best plan possible for them and their family.

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