|
  |
Life Insurers Save Over $46 Dollars for Every Dollar They Invest with MIB
That’s the return life companies receive from MIB’s protective value as documented by Milliman, Inc. (www.milliman.com), a leading global actuarial consulting firm. The MIB Checking Service creates transparency for North American life, health, disability, critical illness and LTC underwriters so they can better understand the health of their applicants. Every policyholder pays for errors, misstatements, omissions and fraud on insurance applications -- items that cause underwriters to improperly assess risk. MIB reports provide underwriters with confidential, brief coded medical resumes to compare against insurance medical questionnaires, and in this way provide an “alert” for further investigation. MIB saves the industry over a billion dollars annually and keeps the cost of insurance affordable for honest protection seeking consumers.
We invite you to read summary reports of Milliman’s analysis and findings.
|
|
Executive Summary
The Theory
The Approach
The Assumptions
Results and Tables
PDF Version
About MIB, Inc.
|
