MIB Protective Value

Protective Value

Identifying overinsurance for disability applicants.

Our members rely on the MIB Checking Service for the fast, secure aggregation and exchange of medical information that insurance underwriters use to improve risk assessment, identify fraud, and in turn, create fair and equitable pricing for all insurance applicants.

Actuarial research shows that MIB's protective value for simplified issue underwriting was $30:11 —with demonstrated value in face amounts as low as $3,600. For fully underwritten life insurance products, MIB's protective value was cited at $46:1.2 And for Group Voluntary life insurance, MIB's protective value was cited at $15:1. 3

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1Milliman, Inc., 1999 and 2006
2Bergstrom Consulting, LLC., Richard L. Bergstrom, FSA, MAAA,
ARHart Consulting, LLC., Anna R. Hart, MS, SRM, 2010.
3LOGiQ3 and Eckler, Ltd., March 2014


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