U.S. Life Insurance Activity Slips Back into Positive Territory Reports the MIB Life Index

Under 45 Life Applications Improve But Stay Negative

Braintree, MA. (February 12, 2019) — U.S. life insurance application activity eased into positive territory in January, with the composite index up 2.1%, YOY, according to the MIB Life Index. This is the first sign of YOY growth for the composite Index since July 2018, and on the heels of a -3.5% fourth quarter decline, Q42018/Q42017. Principal drivers of growth in the composite was strength among older and middle age life insurance applicants. Application activity in January 2019 was up 1.3% versus December 2018, typical for this time period.
Life Index Chart
In the age demographics, the under age 45 application activity remained negative and activity ages 60+ continued to soar. In January, ages 0-44 were off -4.4%, ages 45-59 were up 4.6%, and ages 60+ were up 18.2%. While still negative, the performance of younger age buyers is showing slow improvement over the past three months, digging out of the November 2018 trench. The 45-59 age demographic showed some resurgence in January; applications ages 60+ had their ninth consecutive month of YOY gains, setting a record high in January

Watch our "2018 Year-in-Review" video with MIB CEO Lee Oliphant reporting on the industry's results (https://bit.ly/2018mibli). 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)

Jan-19 2.1%
Dec-18 -2.7%
Nov-18 -4.7%
Oct-18 -2.8%
Sep-18 -0.4%
Aug-18 -0.1%
Jul-18 0.8%
Jun-18 0.7%
YTD - 2019
2.1%
YTD - 2018
-1.1%
Q4-2018
-3.5%
Q3-2018
0.1%
Q2-2018
-0.6%
Q1-2018
0.0%



U.S. Monthly Percent
Change
vs Prior Month


Jan.

1.3%


% Change
Age Groups
(year-over-year)




0-44



45-59



60+
Jan-19
-4.4%
4.6%
18.2%
YTD 2018
-2.7%
-0.7%
3.3%
Dec - 18
-7.4%
-0.9%
10.5%
Nov - 18
-9.4%
-2.4%
7.2%
Oct - 18
-7.3%
-0.7%
8.3%
Sep - 18
-2.0%
0.2%
3.3%
Aug - 18
-1.9%
0.6%
4.4%
Jul - 18
-1.2%
2.1%
4.8%
Jun - 18
1.0%
-0.4%
1.6%



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

Jan-19 2.1%
Dec-18 -2.7%
Nov-18 -4.7%
Oct-18 -2.8%
Sep-18 -0.4%
Aug-18 -0.1%
Jul-18 0.8%
Jun-18 0.7%
YTD - 2019
YTD - 2018
2.1%
-1.1%
Q4 - 2018 -3.5%
Q3 - 2018
0.1%
Q2 - 2018
-0.6%
Q1 - 2018
0.0%

 


U.S. Monthly Percent
Change
vs Prior Month


Jan.

1.3%

% Change
Age Groups
(year-over-year)




0-44



45-59



60+
Jan - 19
-4.4%
4.6%
18.2%
YTD 2018
-2.7%
-0.7%
3.3%
Dec - 18
-7.4%
-0.9%
10.5%
Nov - 18
-9.4%
-2.4%
7.2%
Oct - 18
-7.3%
-0.7%
8.3%
Sep - 18
-2.0%
0.2%
3.3%
Aug - 18
-1.9%
0.6%
4.4%
Jul - 18
-1.2%
2.1%
4.8%
Jun - 18
1.0%
-0.4%
1.6%

 

 

 

 

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