The benefit shall be paid in a lump sum, or in periodic payments for a fixed period of time, or in a fixed amount for an indefinite period of time, at the option of the insured. Companies may set minimums on the face amount of contracts for which the benefit shall be offered.
Structure Mississippi Code
§ 83-7-103. Accelerated benefit provisions as not representing morbidity risks
§ 83-7-105. Acknowledgement of concurrence for payout prior to payment
§ 83-7-107. Options for payment; minimum amounts
§ 83-7-111. Effective date of accelerated benefit
§ 83-7-115. Discrimination amongst insureds prohibited
§ 83-7-119. Filing valuation method and assumptions with Department of Insurance; content