The COVID-19 pandemic might have thrown off life application activity comparisons in October.
U.S. consumers submitted 1.5% fewer individual life insurance applications last month than they did in October 2020, according to new activity numbers from MIB Group.
But the Braintree, Massachusetts-based life insurer consortium says life application activity was 1% higher last month than in October 2019, before the pandemic began.
MIB helps member companies share some of the data used in life insurance underwriting. It bases application activity on the number of applications fed through its databases.
