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life insurance bad guy

Is The MIB The Life Insurance Bad Guy Or Good Guy?

By Ed Hinerman on August 1, 2012

Second only to life insurance agents for being blasphemed by the life insurance buying public is the Medical Information Bureau, or MIB. The MIB is a super warehouse of health and lifestyle information gathered from life insurance applications as they are processed by member companies, and yes, when you sign the application you give the ...read more

Posted in insurance, life insurance, Medical Information Bureau, smoking | Tagged adverse selection, company member of MIB, cuts bad decisions and losses, errors corrected, fight fraud, impaired risk life insurance, information regarding insurability, information treated as confidential, insurance, life insurance, life insurance bad guy, life insurance good guy, Medical Information Bureau, MIB, non smoker rate class, positive nicotine use test, smoker rate class, turning decline into approval | 9 Responses

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“Thank you so much for the effort you put into securing my husband’s life insurance policy. As a person diagnosed with bi-polar type II, he was treated as nearly impossible to insure by our old insurance agent. Yet, he is fully functioning with this disease and has a flourishing career. You were able to hear our frustrations about the stigma attached to the bi-polar label--that all bi-polar patients are depressive or suicidal-- and teach the insurance company’s underwriter the difference between a functioning bi-polar II adult and a person whose disease is far more of a liability to an insurance company. Thank you for the effort you put into securing my husband’s policy; with your help, we ended up with a policy that costs the same as a healthy, non-smoking, non-bi-polar adult. Moreover, your service as our agent was impeccable. You followed up every step of the way. We can’t wait to tell others--with or without illness-- about your service.”
Kate & Sean


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