U.S. Life Insurance Activity Increases 2.1% in June

Published July 11, 2012, 1:37 p.m. EDT

Updated July 11, 2012, 1:40 p.m. EDT

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In the first half of the year, the MIB Life Index is up 2.8 percent year-to-date (YTD), compared to the same six months last year. The Index has posted positive numbers in eight of the last nine months. However, quarterly numbers show easing growth—up 1.3 percent Q2 2012/2011 and up 4.2 percent Q1 2012/2011. June's numbers were up 2.2 percent from those of May and 2.1 percent from those of June 2011.

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All age groups’ application activity grew for the second consecutive month, with 60+ experiencing the highest increase up 4.5 percent. The age group 0-44 increased 2 percent and ages 45-49 increased 0.7 percent.

Mid-year, ages 0-44 are up 1.9 percent YTD; ages 45-59 are up 2 percent YTD; and ages 60+ are up 7.3 percent YTD versus same period last year.