U.S. Life Insurance Activity Inches Higher in August Reports the MIB Life Index

Braintree, MA. (September 11, 2019) — U.S. life insurance application activity edged out a slight gain in August, up 0.5% Y/Y, according to the MIB Life Index. The 2019 MIB Life Index reflects a zigzag pattern that included five months of small gains peppered by two months of sharp declines, keeping the Life Index consistently hovering near par at -0.3% YTD. July’s application activity was down -7.8% from that of June, sharply steeper than typical July summer declines.
Life Index Chart
Older age life insurance buyers (ages 60+) outpaced all other Life Index age groups, up 10.4% in August Y/Y; posting double-digit gains in 6 of the last 8 months. Application activity ages 0-44 lagged all others, down -2.9% in August Y/Y; posting losses in all 8 months of 2019. Ages 45-59 were flat at  0.1% in August Y/Y; posting gains in 6 of the last 8 months. YTD application activity is down -4.6% for ages 0-44; ages 45-59 remain positive for the year, up 0.5%; and ages 60+ are up 11.8% YTD August.

Review our "2019 At-the-Half" video and our 2018 Year-end video wrap up. Login to the Enhanced Life Index Portal to download the 2018 MIB Life Index Annual Report at no charge or register to view at: www.mibsolutions.com/regLI.


Monthly Percent Change
Composite Index
(year-over-year)

Aug-19 0.5%
Jul-19 -3.2%
Jun-19 3.3%
May-19 1.1%
Apr-19 0.1%
Mar-19 -4.9%
Feb-19 0.4%
Jan-19 2.1%
   
YTD - 2019
-0.2%
YTD - 2018
-1.1%
Q2-2019
1.5%
Q1-2019
-1.0%
Q4-2018
-3.5%
Q3-2018
0.1%
Q2-2018
-0.6%



U.S. Monthly Percent
Change
vs Prior Month


August

3.3%


% Change
Age Groups
(year-over-year)




0-44



45-59



60+
Aug-19
-2.9%
0.1%
10.4%
Jul-19
-6.9%
-3.4%
7.2%
Jun-19
-1.3%
4.1%
15.6%
May-19
-2.8%
0.5%
13.3%
Apr-19
-4.0%
1.3%
10.8%
Mar-19
-9.1%
-4.5%
7.6%
Feb-19
-4.4%
1.9%
12.5%
Jan-19
-4.4%
4.6%
18.2%
YTD 2019
-4.6%
0.5%
11.8%





Monthly Percent Change
Composite Index
(year-over-year)

Aug-19 0.5%
Jul-19 -3.2%
Jun-19 3.3%
May-19 1.1%
Apr-19 0.1%
Mar-19 -4.9%
Feb-19 0.4%
Jan-19 2.1%
   
YTD - 2019
YTD - 2018
-0.2%
-1.1%
Q2 - 2019 1.5%
Q1 - 2019 -1.0%
Q4 - 2018 -3.5%
Q3 - 2018
0.1%
Q2 - 2018
-0.6%

 


U.S. Monthly Percent
Change
vs Prior Month


August

3.3%

% Change
Age Groups
(year-over-year)




0-44



45-59



60+
Aug - 19
-2.9%
0.1%
10.4%
Jul - 19
-6.9%
-3.4%
7.2%
Jun - 19
-1.3%
4.1%
15.6%
May - 19
-2.8%
0.5%
13.3%
Apr - 19
-4.0%
1.3%
10.8%
Mar - 19
-9.1%
-4.5%
7.6%
Feb - 19
-4.4%
1.9%
12.5%
Jan - 19
-4.4%
4.6%
18.2%
YTD 2019
-4.6%
0.5%
11.8%

 

 

 

 

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