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The Medical Insurance Bureau (MIB) is for insurance companies while credit reporting agencies are for money lenders. The MIB contains your medical history and other records that help underwriters determine your insurability and set premium rates.

If you are named as a beneficiary of a life insurance policy, the life insurance company will not automatically pay the policy proceeds to you after the insured dies. You will have to file a claim, which is an easy and uncomplicated process. Read below to find out more.

