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MIB Life Index


U.S. Life Insurance Activity off -4.5 in February
Reports the MIB Life Index

Braintree, MA. (March 7, 2017) — Application activity for individually underwritten life insurance was off -4.5% in February, according to the MIB Life Index. After a record setting eight consecutive quarters of growth ending in Q2 2016, the MIB Life Index lost ground in the remaining two quarters—declines that have continued across the first two months of 2017. At February’s close, the composite Life Index is off -3.6% YTD. Month-over-month, February’s application activity was 2.1% higher than that of January. February’s results confirm that the long-term growth trend line for the MIB Life Index has shifted.

U.S. life insurance application activity was off sharply for applicants age 59 and below in February. Application activity ages 0-44 was off -5.0%, ages 45-59 was off -5.7%, and ages 60+ was off -1.0%. Year-to-date, application activity by ages 0-44 is off -3.7% YTD, ages 45-59 is off -5.3% YTD, and ages 60+ off slightly at -0.8% YTD. Even in a declining environment, ages 45-59 loses more ground than the other two age groups, while showing a smaller amount of growth in a positive climate.

MIB’s CEO comments on the 2016 industry in our  MIB Life Index Year-in-Review video (http://wi.st/2m3z0mr). Download the 2016 MIB Life Index Annual Report at no charge by registering at the Enhanced Life Index Portal: www.mibsolutions.com/regLI or login at: https://portal.mibsolutions.com/lifeindex .

Monthly Percent Change
Composite Index

Feb-17 -4.5%
Jan-17 -2.6%
Dec-16 0.3%
Nov-16 -3.3%

YTD - 2017

YTD - 2016
Q4 - 2106
Q3 - 2106
Q2 - 2016
Q1 - 2016


U.S. Monthly Percent
vs Prior Month


% Change
Age Groups



Feb - 17
Jan - 17
Dec - 16
Nov - 16
Oct - 16 -1.6% -1.2% 1.7%
Sep - 16 -2.6% -2.8% -0.7%
Aug - 16 -0.9% -3.2% 0.3%
Jul -16 2.6% 0.4% 2.7%

Note: Effective January 2017, MIB will reset its benchmark comparison (basis=100) for the MIB Life Index from January 2001 to January 2011. The reset to a more current benchmark ensures that the MIB Life Index values are not biased from cumulative and exogenous historical market factors such as industry consolidation, economic shocks and/or regulatory changes occurring since 2001. The adjustment will have no net effect on monthly percent changes and only shift the underlying index values. Read more: http://bit.ly/2c908r5. New Index values (January 2011 forward) are posted on the Enhanced Life Index Portal at: www.mibgroup.com/riskanalytics/portal.html.

About the MIB Life Index
The MIB Life Index is the life insurance industry's timeliest measure of application activity in the United States. Released to the media each month, the Index is based on the number of searches MIB life member company underwriters perform on the MIB Checking Service database. Since the vast majority of individually underwritten life premium dollars in North America include an MIB search as a routine underwriting requirement, the MIB Life Index provides a reasonable means to estimate new business activity. For past releases, methodology or to subscribe visit www.mib.com/lifeindex.


About MIB
MIB is the life and health insurance industry’s most trusted and secure resource for data-driven risk management services that protect the financial integrity of its members and address their evolving needs. Owned by its members, MIB is uniquely positioned to securely collect and analyze confidential data. MIB services help to detect fraud, errors and omissions on insurance applications; to analyze industry data needed to manage a variety of financial risks; and to make regulatory reporting compliance less onerous and more efficient. As the life insurance industry’s first statistical agent, our MIB Solutions, Inc. subsidiary cost-effectively performs annual data calls for those insurers subject to principles-based reserving. MIB Group, Inc., a membership corporation, provides services through its wholly-owned operating subsidiaries, MIB, Inc. and MIB Solutions, Inc. For more information, visit www.mibgroup.com.




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