U.S. life insurance application activity continued to improve in May, mainly because consumers ages 45 to 59 were much more likely to apply for coverage, according to new activity data from MIB Group Inc.
In May, MIB says, overall activity rose 1.1%.
That’s up from an increase of just 0.1% in April.
(Related: Life Activity Creeps Above Zero: MIB)
Application activity for consumers ages 45 and older has been much stronger than activity for applicants under 45 since the beginning of the year. The activity level for consumers under 45 continued to decline in May, but at a more gradual pace than in April.