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What is the MIB Life Index?

April 26, 2017index life MIB

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What is the MIB Life Index?

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The MIB Life Index provides a monthly snapshot of the underwriting activity for the North American life insurance industry. It is based upon the number of searches member company underwriters perform on the MIB Checking database (MIB Checks), a highly standardized, ubiquitous procedure. Given that MIB member companies underwrite over 95% of the premium dollars of all individually underwritten life insurance policies issued in the U.S. and Canada, the Index is an extremely robust measure. Released to the media in the second week of every month, the MIB Life Index is the life insurance industry’s timeliest measure of underwriting activity.