Consumers in that age group filed close to 20% more life applications last month than they did in July 2019, according to MIB Group.
The under-45 group has been the strongest-performing age group since February, after years of being the weakest-performing age group.
MIB’s overall life application activity index was 14.1% higher in July than in July 2019.
Here are actual the MIB activity numbers for each age group for July:
- Ages 0-44: Up 18.9%
- Ages 45-59: Up 12.9%
- Ages 60 and older: Up 4%