MIB Group Inc.Â has published new data suggestingÂ that older U.S. consumers were a lot more interested in life insurance in October than younger consumers were.
Overall life insurance application activity was down 2.8%, year over year, but the number of life applications from consumers ages 60 and older showed solid growth.
MIB is a nonprofit consortium that helps member life insurers screen life applications for inconsistencies.
MIB analysts use MIB application-checking volume figures as a life insurance application activity indicator.
For the first 10 months of the year, overall MIB life application activity is down 0.5% when compared with the first 10 months of 2017.
â ReadÂ Older Consumersâ Life Application Activity Rises 4.4%: MIB,Â on ThinkAdvisor.