MIB Group, Inc.
Reveal hidden risk
underwriting services
Gain insight
actuarial services
Streamline reporting
compliance reporting services
Home » Risk Analytics » Life Index
MIB Life Index


U.S. Life Insurance Activity Levels in April
Reports the MIB Life Index

Braintree, MA. (June 8, 2017) —U.S. individually underwritten life insurance activity remained sluggish in May with the MIB Life Index composite down -2.0%, year-over-year. After five consecutive months of declining activity in 2017, the MIB Life Index is off -3.3% YTD. In relative terms, the May 2017 composite Life Index value (95.92) is .60 higher than that seen in May 2015 (95.32), the Index’s most recent expansionary period. May application activity was -8.3% off pace from April 2017 levels, but on par with seasonal norms.

U.S. life insurance application activity in May declined across ages 45 and higher and was flat across ages 0-44. Ages 0-44 was 0.0%, ages 45-59 was down -5.2%, and ages 60+ was down -2.8%, as compared to same month last year. With the first five months of 2017 behind us, application activity ages 0-44 are down –2.6% YTD, ages 45-59 are down -5.5% YTD, and application activity in ages 60+ are down -1.7% YTD. May’s results showed a very slight improvement in the YTD percent change for ages 0-44, while ages 60+ YTD worsened slightly. Ages 45-59 continue to account for the lion’s share of 2017 YTD declines.

Review additional analytics at no charge by registering at the Enhanced Life Index Portal: www.mibsolutions.com/regLI or login at: https://portal.mibsolutions.com/Welcome. MIB's CEO comments on the 2016 industry in our MIB Life Index Year-in-Review video (http://wi.st/2m3z0mr). Watch for our MIB Life Index "At the Half" video next month.

Monthly Percent Change
Composite Index

May-17 -2.0%
Apr-17 -0.3%
Mar-17 -6.0%
Feb-17 -4.5%
Jan-17 -2.6%

YTD - 2017
Year End - 2016
Q1 - 2017
Q4 - 2016
Q3 - 2016
Q2 - 2016


U.S. Monthly Percent
vs Prior Month


% Change
Age Groups



May - 17
Apr - 17
Mar - 17
Feb - 17
Jan - 17
Dec - 16
Nov - 16

Note: Effective January 2017, MIB has reset its benchmark comparison (basis=100) for the MIB Life Index from January 2001 to January 2011. 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.




Explore Actuarial Services
Related Content

U.S. Life Insurance
Activity Remains
Soft in May

Download >>

Lee Oliphant Talks
About the Life
Insurance Industry
in 2016

Watch >>

Strong 2016 YTD
2nd Year of Gains

Annual Report >>

Enhanced MIB Life Index
   Trends and Annual Reports

Media Inquiries
David O. Aronson
      MIB Group, Inc.