U.S. Life Insurance Activity Reverses in July Reports the MIB Life Index

Braintree, MA. (August 8, 2019) — U.S. life insurance application activity reversed direction in July displacing virtually all of the prior June’s gains, down -3.2% 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 have outpaced all Life Index age groups posting Y/Y gains in every month since May 2018. In July, application activity ages 0-44 was off -6.9%, ages 45-59 was off -3.4%, and ages 60+ was up 7.2% Y/Y. On a YTD basis, all ages groups lost ground from last month with application activity ages 0-44 off -4.9%; ages 45-59 remaining positive for the year, up 0.5%; and ages 60+ down slightly at 12% YTD July.

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)

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
-0.3%
YTD - 2018
-1.1%
Q2-2019
1.5%
Q1-2019
-1.0%
Q4-2018
-3.5%
Q3-2018
0.1%



U.S. Monthly Percent
Change
vs Prior Month


July

-7.8%


% Change
Age Groups
(year-over-year)




0-44



45-59



60+
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 2018
-2.7%
-0.7%
3.3%





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

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
-0.3%
-1.1%
Q2 - 2019 1.5%
Q1 - 2019 -1.0%
Q4 - 2018 -3.5%
Q3 - 2018
0.1%

 


U.S. Monthly Percent
Change
vs Prior Month


July

-7.8%

% Change
Age Groups
(year-over-year)




0-44



45-59



60+
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 2018
-2.7%
-0.7%
3.3%

 

 

 

 

Subscribe email delivery
Monthly Life Index Press Release

Subscribe
Register / Login
Enhanced Life Index Analytic Portal
(free)

Register
Log In
Explore Actuarial Services