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How is the MIB Life Index used?

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How is the MIB Life Index used?

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The MIB Life Index is used by insurance companies and financial analysts as a leading indicator of life insurance application activity. An MIB Check is generally performed at the earliest point in underwriting making this measure a leading indicator regarding potential new business volume. While it is recognized that policy application and policy issue are two different variables, there is an established correlation, which makes the Life Index a useful relative activity measure and a reasonable means to estimate new business activity.

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