Medical Information Bureau (MIB) released results of July 2010 activity reflecting life insurance applications entering the market. For a second month in a row, there was a notable decline in applications of -3.9%. It is important to note that although this is following declines in June, these declines are consistent with the cycle of business that is "historically" typical during the summer months.
Applications on Senior ages continues an upward tick. Ages 60+ noted a +7% increase , year-over-year.
Life settlement trends, provided by Amrita Financial noted a stable level compared to June 2010. The index posted 460 points for July.
As there continues to be a trend towards senior market applications and settlements, it's becoming even more critical that the underwriters utilized to evaluate the risks associated with seniors are specialized and experienced. AUS, Inc. -Founded and managed by Senior Market Underwriting Consultants
Contact Us!
www.advanceduwsolutions.com
newbus@advanceduwsolutions.com
Contact Traci Davis-Underwriting Expert!
tdavis@advanceduwsolutions.com
www.linkedin.com/in/tddavisaus
