April showers appear to have brought an increase in individually underwritten life insurance applications, according to a monthly analysis.
For the first time in seven years, April’s monthly life insurance application activity showed an increase over the prior year, rising 1.1%, according to the MIB Life Index.
April’s increase marks the second straight month of growth, putting the year-to-date number at 0.4% off of last year’s tally after four months.
Researchers say the individual life insurance market might be “starting to see some post-recessionary gains,” according to a statement from the MIB Life Index.
April’s activity was 7.4% less than that of March, consistent with month-to-month seasonal trends for this time period, researchers said.
By age, the 60 and above age group showed continued increases, with an 8.4% increase over the same period last year. The middle age group, those 45 to 59 years old, showed a slight incline, up 1%. Applications for people age 0-44 were off slightly, falling 0.8%.
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- Is an increase in life insurance sales a sign of improving economy? | Insurance & Financial Advisor I IFAwebnews.com
[...] a sign pointing to a positive economic trend, or a blip on the radar?As reported on this website, life insurance sales in April rose for the first time in seven years, and for the second month in a row.What to make of it? Or not make of it, as the case may [...]


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