MIB partners with Equifax

MIB has entered into a data‑sharing agreement with Equifax under which Equifax’s employment and income verification data will be delivered through the MIB Medical Data Solutions (MDS) platform for use in life insurance underwriting.

What the partnership does

• MIB will offer insurers real‑time employment and income verification sourced from Equifax, a Fair Credit Reporting Act (FCRA)–regulated provider of consolidated employment data.

• The data covers up to 24 months of employment and income history for more than 238 million individuals in the U.S. workforce, representing over half of active workers.

• Information available to life insurers includes job title, tenure with employer, and income details, updated every pay cycle and accessible 24/7 for underwriting workflows.

Why it matters for insurers

• It aims to reduce misrepresentation and gaps in self‑reported income, a long‑standing challenge in financial underwriting and in assessing whether requested coverage is financially justified.

• Insurers can use the verified data to evaluate employment stability, which can inform expectations about policy placement and lapse risk.​

• Because the service is integrated into MIB’s existing Medical Data Solutions platform, including alongside MIB’s EHR offering, carriers can request income/employment data within the same digital process they use for medical records, improving speed and efficiency.

Who it is for

• The service is available to all MIB members using the MDS platform, whether or not they use other MIB medical data products.

• It is particularly positioned to help with applicants who have a thin digital footprint, where other financial or behavioral data sources are limited.​