MIB Life Index Reports US Life Insurance Activity Declines 6.6% in November

Application activity for individually underwritten life insurance sold by U.S. insurance companies declined -6.6% in November year-over-year, the ninth consecutive month of decreases in 2006, according to the MIB Life Index(SM). Year-to-date (YTD), U.S. application activity is off -3.6%, compared to the same eleven months in 2005.

U.S. application volume was off across all three age groups - ages 0-44 down -8.4% (the lowest value for November seen since the Index's inception), ages 45-59 off -4.7% and ages 60+ off slightly -0.6% versus November 2005. November's -2.1% decline compared to this past October was chiefly driven by changes in the 0-44 age group down -3.2%, and the 60+ age group off -1.5%, with 45-59 remaining flat.

Yeah, knew that was going to happen. Its the general feeling of the market at this time of year. Everyone is scared about the next!

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