U.S. life insurers received fewer requests for coverage in June.
The MIB Group Inc., Westwood, Mass., says U.S. life insurers checked 5.7% fewer life insurance applications in June than they checked in June 2005.
Year-to-year activity comparisons increased in January and February but started falling in March.
The MIB activity index has fallen during most months during the past 3 years.
In June, activity fell 5.7% for consumers ages 0 to 44; 5.9% for applicants ages 45 to 59; and 5.5% for applicants age 60 and over.
MIB is a nonprofit group that collects information about individual life insurance customers for most U.S. and Canadian life and health insurance companies. The group uses the search activity statistics for its own databases to compute the life application activity statistics.
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