NU Online News Service, April 21, 2003, 5:23 p.m. EDT – The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 3.8% fewer life insurance applications in March than they checked in March 2002.
U.S. buyers have been sluggish for month, but they did submit 9.8% more individual life applications in March than they did in February.
The increase in activity between February and March suggests "that the extended period of weak underwriting and moribund growth could be behind us," according to Stacy Gill, MIB's chief knowledge officer.