Mississippi Life Insurance

There are basically two types of Mississippi Life Insurance: Term Life insurance and Permanent Life insurance. See our Guides for detailed information about the differences between Mississippi Term Life Insurance, and Mississippi Permanent Life insurance. Which ever you chose, Mississippi Life insurance is meant to provide your beneficiaries with the means to cover expenses and make up for the lack of your income. The State Department of Insurance oversees the sale of Mississippi Life Insurance, ensures that providers are properly licensed, and makes available certain guaranteed protections for Mississippi Life Insurance consumers.     

Why Do I Need Mississippi Life Insurance?

You may wonder why you even need Mississippi Life Insurance? Take a look at these figures.

Mississippi has almost the lowest life expectancy rate in the nation. It is ranked 50th out of 50 states and the District of Columbia in Life Expectancy, with a life expectancy of 73.6 years.  For every 100,000 people in Mississippi, almost 1,300 between the ages of 55 and 64 pass away every year. Between the ages of 65 and 74, that number doubles to nearly 2,600, and at 75 to 84 well over 6,000 Mississippians die for every 100,000 residing in the state. More on mortality by age, sex and race, and the leading causes of death in Mississippi can be found at: http://www.cdc.gov/nchs/pressroom/data/Mississippi09.pdf

For more reasons why you should apply for Mississippi Life Insurance, and for help in finding the best kind of life insurance for your needs, at the best value, take a look at our Family Guide to Life Insurance.

Mississippi Life Insurance Specifics

The insurance industry in Mississippi is regulated by specified title of The State Insurance Code of Mississippi. The state uses this code to regulate claims and provide certain provisions to protect Mississippi Life Insurance consumers.

There are many variations among Mississippi Life Insurance polices relating to claim procedures, death benefit disbursements, and coverages for accidental death and suicide. You should consult your Mississippi Life Insurance documents for details, or speak with a qualified and state licensed Mississippi Life insurance Agent.

Mississippi Life Insurance companies are also protected to some degree by State Statutes. These regulations are put in place to prevent insurance fraud. Insurance fraud is a serious crime, and affects the rates everyone in the state pays for Mississippi Life Insurance. Insurance companies can challenge any information you put on a Mississippi Life Insurance application for up to 2 years. If any inconsistencies or fraud is discovered, the life insurance policy may be terminated immediately, and you may be subject to criminal charges. One allowance is for discrepancy in age. Incorrect age information may be corrected without penalty at any time while the Mississippi State Life Insurance policy is in effect.

Mississippi Life Insurance State Resources

Mississippi Department of Insurance  - The purpose of the Department of Insurance is to faithfully execute the state insurance laws in a manner that protects insurance consumers and the Mississippi Life Insurance industry. 
http://www.mid.state.ms.us/

Mississippi Life & Health Insurance Guaranty Association - State guaranty associations are there to provide protection and continuing Mississippi Life Insurance coverage, even in the event that a life insurance company becomes insolvent.
http://www.mslifega.org/

Mississippi Life Insurance Company Ratings - These companies provide ratings for Mississippi Life Insurance Companies based on financial strength and past performance
http://www.ambest.com/
http://www2.standardandpoors.com

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