The MIB Life Index is the life insurance industry's timeliest measure of application activity across the U.S. Released to the media in the second week of each month, the Index is based on the number of searches member company underwriters perform on the MIB Checking Service database. Since the vast majority of individually underwritten life premium dollars in the U.S. include an MIB Check as a routine underwriting requirement, the MIB Life Index provides a reasonable means for estimating new business activity.
Industry analysts and insurance executives use the Index as a definitive source for capturing monthly activity levels and evaluating industry trends. Each month the MIB Life Index examines activity levels by three age groups, quarterly, monthly, and year-to-date comparisons.
For more information on MIB’s Life Index, email firstname.lastname@example.org or call 781-751-6330.