Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Underwriting and other Life Insurance topics.

Medical Information Bureau (MIB)

Underwriters pull information from Medical Information Bureau (MIB) reports in order to find out if you have forgotten to include any medical information on your application. MIB reports will show any chronic illness or diseases your physician has diagnosed you with. Like a credit report, the MIB will also show how many MIB reports have been run for you recently. A large number of recent reports could indicate to an underwriter that you are shopping for life insurance. This could indicate that you are aware of some risk you may have.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Life Insurance Tip Site? Request a Tip Now!

Guru Spotlight

Heidi Splete

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!