The accelerated benefit provision may or may not provide for the waiver of premium in the absence of a regular waiver of premium provision being in effect. At the time the benefit is claimed, the company shall explain any continuing premium requirement to keep the policy in force.
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