MIB Life Index Reports North American Life Insurance Activity Off Slightly in September, Applications Down 3.8% Q3 2006

<p class=”normal”>(Westwood, Mass. � October 19, 2006) North American application activity for individually underwritten life insurance declined modestly in September, down -0.9% year-over-year according to the MIB Life Index<sup>sm</sup>. Third quarter application activity lagged that of Q3 2005 by -3.8%. Year-to-date (YTD), U.S. and Canadian application activity is off -3.1%, compared to the same nine months in 2005.</p>

<p class=”normal”>U.S. application activity declined -1.0% in September year-over-year, all ages combined. Modest declines were seen in the 0-44, 45-59 age groups, off -1.4% and -0.8%, respectively with a +1.2% increase in the 60+ age group versus September 2005. For the fifth straight year, third quarter results lagged same period prior year: Q3 2006 off -4.1% from Q3 2005 (down -5.3% July, -5.7% August, and -1.0% September 2006) and off -7.3% compared to Q3 2004. The summer lull in business activity makes Q3 application activity typically lower than all other quarters. YTD, U.S. application activity is off -3.3%. September-over-August�s +7.3% increase was the largest monthly increase for this period in the past five years: applications in the 0-44 and 45-59 age groups (up +8.9% and +6.2%, respectively) outweighed the 60+ age group with a modest +1.6% increase versus same period 2005.</p>

<p class=”normal”>Canadian application activity was flat in September (-0.1%) year-over-year, all ages combined. Compared to September 2005, a slight increase of +1.1% in the age 60+ category was not enough to offset no change in the 0-44 age group, and a decrease -0.6% in the 45-59 age groups. Q3 2006 results were off -1.4% versus same period 2005. YTD, Canadian applications are down -1.6% from the same nine months 2005. September�s +9.1% increase over August�s activity beats the +7.6% seen in September-over-August 2005.</p>

<br>
<table border=”1″ cellpadding=”3″ cellspacing=”0″ width=”95%”>
<tbody><tr>
<td width=”25%” rowspan=”2″ class=”normal”>&nbsp; </td>
<td colspan=”3″ class=”normal”><b>Monthly Percent Change vs 2005 </b></td>
</tr>
<tr>
<td width=”25%” class=”normal”><b>US</b> </td>
<td width=”25%” class=”normal”><b>Canada</b> </td>
<td width=”25%” class=”normal”><b>Total</b> </td>
</tr>
<tr>
<td width=”25%” class=”normal”>September 2006</td>
<td width=”25%” class=”normal”>-1.0%</td>
<td width=”25%” class=”normal”>-0.1%</td>
<td width=”25%” class=”normal”>-0.9%</td>
</tr>
<tr>
<td width=”25%” class=”normal”>August 2006</td>
<td width=”25%” class=”normal”>-5.7%</td>
<td width=”25%” class=”normal”>-1.5%</td>
<td width=”25%” class=”normal”>-5.2%</td>
</tr>
<tr>
<td width=”25%” class=”normal”>Q3 2006</td>
<td width=”25%” class=”normal”>-4.1%</td>
<td width=”25%” class=”normal”>-1.4%</td>
<td width=”25%” class=”normal”>-3.8%</td>
</tr>
<tr>
<td width=”25%” class=”normal”>YTD 2006</td>
<td width=”25%” class=”normal”>-3.3%</td>
<td width=”25%” class=”normal”>-1.6%</td>
<td width=”25%” class=”normal”>-3.1%</td>
</tr>
</tbody></table>
<br clear=”all”>
<table border=”1″ cellpadding=”3″ cellspacing=”0″ width=”95%”>
<tbody><tr>
<td width=”25%” rowspan=”2″ class=”normal”>&nbsp; </td>
<td colspan=”3″ class=”normal”><b>Monthly Percent Change vs Previous Month</b> </td>
</tr>
<tr>
<td width=”25%” class=”normal”><b>US</b> </td>
<td width=”25%” class=”normal”><b>Canada</b> </td>
<td width=”25%” class=”normal”><b>Total</b> </td>
</tr>
<tr>
<td width=”25%” class=”normal”>September 2006</td>
<td width=”25%” class=”normal”>+7.3%</td>
<td width=”25%” class=”normal”>+9.1%</td>
<td width=”25%” class=”normal”>+7.5%</td>
</tr>
</tbody></table>

<p class=”smallhead”>About the MIB Life Index</p>
<p class=”normal”>The MIB Life Index is the life insurance industry’s timeliest measure of application activity across the U.S. Released to the media each month, the Index is based on the number of searches life member company underwriters perform on the MIB Checking Service database. Since the vast majority of individually underwritten life premium dollars in North America include an MIB search as a routine underwriting requirement, the MIB Life Index provides a reasonable means to estimate new business activity.</p>

<p class=”smallhead”>About MIB</p>
<p class=”normal”>MIB is the life and health insurance industry’s most trusted resource for risk information and analytical services. Owned by the industry it has served for more than a century, MIB is uniquely positioned to aggregate industry insights in order to develop products and services for our members that improve their risk management decisions. MIB, Inc. and MIB Solutions, Inc. are wholly-owned subsidiaries of the MIB Group, Inc. Visit <a href=”http://www.mib.com” target=”_blank” rel=”nofollow”>www.mib.com</a>.</p>

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