Life app activity flat in June relative to year-ago period

By Warren S. Hersch

July 11, 2014 at 09:26 AM

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U.S. application activity for individually underwritten life insurance was flat at -0.3 percent in June, year-over-year, all ages combined, according to the MIB Life Index.

The report shows that U.S. life insurance application activity was flat (0 percent) in the second quarter, year-over-year, ameliorating a negative first quarter (-5.4 percent). At the close of Q2 2014, U.S. life application activity is off -2.7 percent year-to-date (YTD).

June's application activity increased +1.2 percent from that of the previous May, consistent with seasonal averages. Improving quarterly results are welcomed just prior to the typically slow summer season.

U.S. application activity by age group was mixed in June.

Ages 0-44 were off -1.7 percent;

Ages 45-59 were flat at +0.3 percent; and

Ages 60+ were up +2.8 percent.

Second quarter activity by age group mirrored the improvements seen in the composite Index:

Ages 0-44 were off -1.2 percent;

Ages 45-59 were off slightly at -0.5 percent; and

Ages 60+ were up +2.9 percent (Q2-14/Q2-13).

For the first six months of 2014:

Ages 0-44 are off -3.8 percent;

Ages 45-59 are off -2.8 percent; and

Ages 60+ are up slightly +0.6 percent, compared to the same period last year.

U.S. Monthly Percent Change (year-over-year)
June 2014	-0.3 percent
May 2014	-1.3 percent
April 2014	+1.8 percent
Q2 2014	0.0 percent
Q1 2014	-5.4 percent
YTD 2014	-2.7 percent

	U.S. Monthly Percent Change by Age (year-over-year)
	June '14	May '14	Apr. '14
0-44	-1.7 percent	-2.1 percent	+0.2 percent
45-59	+0.3 percent	-1.0 percent	+2.3 percent
60 +	+2.8 percent	+0.5 percent	+5.5 percent