Applications for life insurance are on the rise-here’s what you should know before you buy

Applications for life insurance are on the rise-here’s what you should know before you buy

Life insurance applications have been on the rise during the coronavirus pandemic. During the first half of 2020, application activity for life insurance rose 1.5% from the previous year, according to the MIB Life Index. Application activity for Americans under 44 rose about 3.4% year-to-date, while activity for ages 45 to 59 was up 0.5%, the industry group reports.

By Miki