Do you know what is in your Medical Information Bureau Files? When you apply for a Life Insurance Policy, there is a place for you to sign allowing the Insurance Company to check your Medical Information from various sources. What if the information is wrong? How do you know what is in the files about your health condition is accurate?
Medical Conditions are reported to the MIB using one or more of about 210 codes. Conditions most commonly reported include height and weight, blood pressure, EKG readings and x-rays. Other non-medical information that might affect insurability are adverse driving records and participation in hazardous sports.
It might be wise to check your information if you have had major changes for the better in any condition mentioned above. If you were 350 pounds 10 years ago and are 195 pounds today with normal blood pressure and EKG readings, the information of the past, can be updated and changed to help you get the Life Insurance, Long Term Health Insurance or Disability Insurance you want and need.
Find out yourself. Over 150,000 people will request record disclosure this year. About 800 people will request corrections. While this suggests accuracy of information, any inaccurate information may lead to underwriting problems, including declination or lower rating standards. The difference in ratings could cost you many thousands of dollars over the life of the policy.
It is easy to request a copy of your MIB File. Call 617-426-3660 or write to
P.O. Box 105 Essex Station
Boston, MA 02112
You can also go to their website http://www.mib.com/ to request forms to find out what info they have on you. Or click here: Request Your Record There is a charge of $9.00 for each request for a Record Search and Disclosure....small price to find out what's in your file!
The Federal Trade Commission and MIB agreed that the FTC would regulate MIB's disclosure and correction procedures.
Get The Facts About Your Medical History!!