Mississippi Life Insurance

EzCheapLifeInsurance.com helps you find your best price for top rated life insurance. The life insurance industry employs over 4,000 people in Mississippi. There are 15 life insurers who are domiciled in the state, and approximately 500 life insurance companies are licensed to sell affordable life insurance products in Mississippi.

Residents of the state have $190 billion in death benefit coverage. There are 2 million individual life insurance policy holders in Mississippi. The average amount of coverage purchased is $58,000. The amount of group cheap term life insurance coverage is $80 billion. State residents were paid $2 billion in death benefits, annuities, and other payments in 2008.

Mississippi Life Insurance Regulations

Title 83 of the Mississippi Code supervises claims procedures and policy requirements in Mississippi. All consumers have a 10 day free look period and 30 days grace period on late payments. Any misrepresentation on the insurance application will be considered as fraud and prosecuted accordingly. In Mississippi misstatement of age does not invalidate your life insurance policy (the death benefits will be recalculated, however).

Mississippi Health Facts

The life expectancy ad birth is 73 years. Mississippi ranks 50 out of 50 for life expectancy. The data was taken from the American Human Development Report (2008-2009). 3 million people live in the state of Mississippi. 18% of the population is uninsured. The median annual income is $36,000. The leading causes of death are cancer, stroke, and heart diseases. More information about state demographics, economy, health costs, and insurance coverage can be found at www.cdc.gov.

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Mississippi Department of Insurance

P.O. Box 79

Jackson, MS 39201

Street Address:

501 North West Street

1001 Woolfolk State Office Building

Jackson, MS 38205

Web site: http://www.mid.state.ms.us/

Phone: (601) 359-3569

Consumer Hotline: (800) 562-2957