Short answer: Mississippi individual life policies must let you return the policy within ten days of delivery for a premium refund if you are dissatisfied for any reason. The Mississippi Insurance Department's life filing requirements also require a grace period of not less than thirty days.
This guide is general consumer information for Mississippi life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Ten-day return right
Miss. Code §83-7-51, as cited in the Mississippi Insurance Department's life insurance submission requirements, gives the insured the right to return the policy within 10 days of delivery and have the premium refunded if dissatisfied for any reason.
Grace of not less than 30 days
The same MID life-requirements page summarizes Miss. Code §83-7-17 as requiring a grace period of not less than 30 days, an incontestability period of not more than 24 months, and an entire-contract / statements-as-representations provision (among other standard clauses).
Insurer financial strength
To ask about an insurer's financial strength or solvency under Mississippi regulation, contact the Mississippi Insurance Department.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in Mississippi.
Frequently asked questions
How long is Mississippi's life insurance free-look?
Ten days from delivery under Miss. Code §83-7-51.
What's Mississippi's life insurance grace period?
Not less than 30 days per the MID summary of §83-7-17.
Alishahi Insurance · 439 N Canon Dr, Penthouse, Beverly Hills, CA 90210 · (877) 711-4545 · CA License #4348151. General information only. This isn't legal, tax or financial advice or a coverage determination. Coverage depends on policy language and underwriting, and rules vary by state.