Thought about getting your life insurance license? Maybe you already have your property and casualty license and are looking to expand… well we have good news for you! According to the MIB, life insurance sales skyrocketed 5.6% in the month of February 2020. The increase is mostly due to an unprecedented 7% increase amongst young buyers (that’s ages 0 to 44).
MIB noted that although the life insurance applications have increased across all three of their tracked age ranges, the highest was amongst the millennial population. The young buyers, as MIB refers to this age range, account for about 54.2% of the index.
While the MIB has cautioned against what the future may hold, especially in these uncertain times of COVID-19, it is a good idea to look to the future. Since many of us are holed up at home for the foreseeable future, now is a good time to expand your online education.