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MIB Life Index


U.S. Life Insurance Activity Turns Positive in November
Reports the MIB Life Index

Breakthrough Month Propelled by Younger Age Buyers

Braintree, MA. (December 6, 2017) —U.S. individually underwritten life insurance activity turned positive in November with the MIB Life Index composite up 1.2%, year-over-year. The composite’s jump was largely driven by application activity in the 0-44 age group (> 56% of the Index by volume) with November showing the largest percent gain of the year, up 2.3%, year-over-year. Showing modest recovery after Q1 YTD losses (-4.5%), the composite Index remains off -2.0% YTD November. Brisk, late year month-to-month activity has supported the composite’s rise throughout with August/September up 3.7%, Sept./October up 5.9%, and Oct./November up 8.6%. Given the composite’s progressive gains and producers' usual year-end sales push, strength in December activity is anticipated.      

U.S. life insurance application activity was mixed across three all age groups. Application activity in the younger ages showed nearly a full percentage point gain in November above its largest 2017 increase. Ages 0-44 were up 2.3%; ages 45-59 losses moderated to -1.0%; and ages 60+ turned positive, up 0.9% compared to same month last year. Despite November’s strength, year-to-date percentages remained negative with ages 0-44 off -0.8% YTD, ages 45-59 off -4.4% YTD, and ages 60+ off -1.9%.

MIB’s 2017 Life Index Annual Report and our 2017 MIB Life Index Year-in-Review video interview with MIB CEO Lee Oliphant will publish in early January 2018. View the 2017 MIB Life Index “At the Half” video: http://wi.st/2tDHwIu. See 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.

Contact: David O. Aronson, MIB Group, Inc., 781-751-6130, daronson@mib.com

Monthly Percent Change
Composite Index

Nov-17 1.2%
Oct-17 -0.2%
Sep-17 -0.6%
Aug-17 -1.5%
Jul-17 -2.6%
Jun-17 -2.6%
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
Q3 - 2017
Q2 - 2017
Q1 - 2017
Q4 - 2016
Q3 - 2016


U.S. Monthly Percent
vs Prior Month


% Change
Age Groups



Nov - 17
Oct - 17
Sep - 17
Aug - 17
Jul - 17
Jun - 17
May - 17
Apr - 17
Mar - 17
Feb - 17
Jan - 17

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 (Jan. 2011 - Jan. 2017) 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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David O. Aronson
      MIB Group, Inc.