What is the Medical Information Bureau?
The Bankrate.com financial term of the day is: "Medical Information Bureau."
You know how there are credit bureaus out there keeping track of how well you pay bills and handle your finances? The insurance industry has something similar to keep tabs on your health and how you live your life. It's called MIB, formerly the Medical Information Bureau. It allows insurers to compare notes about your medical history and related information, such as whether you play extreme sports or have a driving record that suggests you're dangerous on the road. Insurance companies check the MIB database to make sure applications for insurance policies have been filled out accurately and truthfully.
When you apply for insurance, the MIB or Medical Information Bureau is the insurer's way of checking for risky business in your background.
To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.
Do you have a life insurance policy for your dependents? Is it enough?
Get in the habit of reviewing your policies annually -- you could save money by doing so.
Most women don't have a policy or are under-insured.
Not sure when to review your insurance policy? Experts share their thoughts on when to do so.
Shopping for insurance? Follow these tips from top experts in the insurance field.
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.