{"id":19170,"date":"2020-06-10T12:58:18","date_gmt":"2020-06-10T16:58:18","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=innarticle&amp;p=5548509"},"modified":"2020-06-10T12:58:18","modified_gmt":"2020-06-10T16:58:18","slug":"life-insurance-activity-soars-5-2-in-may-mib-life-index-finds","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/06\/10\/life-insurance-activity-soars-5-2-in-may-mib-life-index-finds\/","title":{"rendered":"Life Insurance Activity Soars 5.2% in May, MIB Life Index Finds"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2018\/04\/inn-og-default.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"push-box\">\n<div class=\"article-content\">\n<div><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>After two months of declines during the pandemic quarantine, U.S. life insurance application activity jumped 5.2% year-over-year in May in what appears to be a V-shaped recovery, according to the MIB Life Index.<\/p>\n<p>Using month-over-month comparisons, the recovery was even more impressive: February\/March was off -6.7%, March\/April off was -5.5%, and April\/May bounced back an unprecedented 1.5% in a time period historically off -5.0% or more as the summer months approach.<\/p>\n<p>On a year-over-year basis, May 2020 index was up 5.2% with two less business days than in the 2019 comparative period. Year-to-date, the composite MIB Life Index is a percent higher than last month, up 1.6% at the end of May.<\/p>\n<p>May\u2019s Life Index age groups showed strength in the younger and middle ages. Ages 0-44 gained 7.1%; ages 45-59 gained 6.9% ; and ages 60+ were off -1.9% year over year. Year-to-date, ages 0-44 are up 3.4%; ages 45-59 are up 0.5%; and ages 60+, while down -1.6%, remain ~10% higher than pre-2019 numbers.<\/p>\n<p>&#8220;As carriers and agents adjust to the new normal and society returns, we remain cautious about identifying any trends given the impact of the COVID-19 exogenous event,&#8221; MIB said in a news release.<\/p>\n<p>Looking at month-over-month gain\/loss (April 2020\/May 2020), application activity ages 60+ showed the greatest recovery from COVID-19 declines, up 4.4%, while ages 45-59 gained 1.2%, and ages 0-44 gained 0.6%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/insurancenewsnet.com\/innarticle\/us-life-insurance-activity-soars-5-2-in-may-mib-life-index-finds?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=us-life-insurance-activity-soars-5-2-in-may-mib-life-index-finds\">Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two months of declines during the pandemic quarantine, U.S. life insurance application activity jumped 5.2% year-over-year in May in what appears to be a V-shaped recovery, according to the MIB Life Index. Using&#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\/19170"}],"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=19170"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19170\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}