In the first half of the year, the MIB Life Index is up 2.8 percent year-to-date (YTD), compared to the same six months last year.
The Index has posted positive numbers in eight of the last nine months. However, quarterly numbers show easing growth—up 1.3 percent Q2 2012/2011 and up 4.2 percent Q1 2012/2011. June's numbers were up 2.2 percent from those of May and 2.1 percent from those of June 2011.
All age groups’ application activity grew for the second consecutive month, with 60+ experiencing the highest increase up 4.5 percent. The age group 0-44 increased 2 percent and ages 45-49 increased 0.7 percent.
Mid-year, ages 0-44 are up 1.9 percent YTD; ages 45-59 are up 2 percent YTD; and ages 60+ are up 7.3 percent YTD versus same period last year.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access