{"id":18464,"date":"2020-05-21T09:44:49","date_gmt":"2020-05-21T13:44:49","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=innarticle&amp;p=5494540"},"modified":"2020-05-21T09:44:49","modified_gmt":"2020-05-21T13:44:49","slug":"life-insurance-activity-down-3-in-april-mib-reports","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/05\/21\/life-insurance-activity-down-3-in-april-mib-reports\/","title":{"rendered":"Life Insurance Activity Down 3% In April: MIB Reports"},"content":{"rendered":"<p><span><span><br \/>\n<\/span><br \/>\n<\/span><span><span><br \/>\n<\/span><br \/>\n<\/span><span><br \/>\n<\/span><\/p>\n<div>\n<p>U.S. life insurance application activity was down 3% year-over-year in April, according to the MIB Life Index &#8212; the second consecutive month of decline.<\/p>\n<p>On a monthly basis, April is showing diminished activity from historical April volumes due to COVID-19, MIB said. Application activity in April was off -5.5% from that of March.<\/p>\n<p>Year-to-date, the MIB Life Index remains above par at 0.6%, but is well off its year-to-date peak of 4% at the close of February 2020.<\/p>\n<p>April\u2019s Life Index age groups patterned much as they did in March with younger buyers, ages 0-44 off -0.7%; ages 45-59 showed improvement from March, off -2.4%; and ages 60+ showed further declines, off -9.7% year-over-year.<\/p>\n<p>April\u2019s age groups distinctly display pandemic purchasing preferences with younger ages showing a greater comfort with online life insurance purchases, MIB said. There was a sharp dip in older buyers (60+), showing the impact of COVID-19 on face-to-face sales and product changes at carriers.<\/p>\n<div class=\"insur-mobile-body-leaderboard\" id=\"insur-1296859057\">\n<div class=\"insur-adlabel\">Advertisement<\/div>\n<p><a data-bid=\"1\" href=\"https:\/\/insurancenewsnet.com\/linkout\/5434391\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" width=\"728\" height=\"90\" src=\"https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90.png\" alt><img decoding=\"async\" loading=\"lazy\" class=\"lazyload\" width=\"728\" height=\"90\" src=\"https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90.png\" alt data-srcset=\"https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90.png 728w, https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90-175x22.png 175w, https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90-230x28.png 230w, https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2020\/05\/KLC-IULfish-INN_728x90-389x48.png 389w\" data-sizes=\"(max-width: 728px) 100vw, 728px\"><\/a><\/div>\n<p>Ages 60+ led all other age groups in YOY application activity in 2019. Year-to-date, ages 0-44 are up 2.4%, ages 45-59 are off -1.1% and ages 60+ are off -1.7%.<\/p>\n<\/div>\n<p><a href=\"https:\/\/insurancenewsnet.com\/innarticle\/life-insurance-activity-down-3-in-april-mib-reports?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=life-insurance-activity-down-3-in-april-mib-reports\">Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. life insurance application activity was down 3% year-over-year in April, according to the MIB Life Index &#8212; the second consecutive month of decline. On a monthly basis, April is showing diminished activity from&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18464"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18464"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18464\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}