Here at InsureMe, we understand that purchasing Mississippi life insurance is a difficult but necessary part of life.
We're here to make it easier. By entering your information to the right, we will provide you with up to five free quotes on Mississippi life insurance. Comparing quotes will enable you to select the right Mississippi life insurance to protect your loved ones.
Do I need Mississippi life insurance?
The need for Mississippi life insurance varies from person to person. When determining your Mississippi life insurance needs, you will want to ask yourself:
After you have considered your dependant's financial needs, make sure you take into consideration any assets you already have to put toward these expenses. Your assets might include cash, bonds, savings or pension.
Once you have calculated your assets, subtract this number from the expenses to get a ballpark estimate of how much Mississippi life insurance you need.
What kind of Mississippi life insurance should I buy?
There are two main forms of Mississippi life insurance: term life and permanent life insurance.
Term life—provides coverage for a specific amount of time, hence the word "term". Once your term as expired, you may renew it. However, you may face steeper premiums because you will have gotten older with each renewal.
Because of its expiration, a term life policy is a good idea if you want the money to pay for expenses that will diminish in time such as a car or school loan.
Permanent life—provides coverage throughout your life. As long as you pay the premiums, a whole life policy will stay with you until you die.
Unlike term life policies, most permanent life policies earn cash value. You may borrow from your permanent life policy, but if the money has not been paid back by the time of your death, your beneficiaries may have to liquidate their assets to compensate for the loan.
It is important to note that there are different forms of term and permanent life insurance. You will want to ask your agent to explain the differences between them so you buy the best Mississippi life insurance policy to suit your needs.
How often should I review my Mississippi life insurance policy?
The Insurance Information Institute (I.I.I.) recommends reviewing your Mississippi life insurance after the following life changes:
Reviewing your Mississippi life insurance policy after these life events will help you to make adjustments to your policy as needed.
What if I still have questions on Mississippi life insurance?
For more information on Mississippi life insurance, you can contact Consumer Hotline within the Mississippi Department of Insurance at (800) 562-2957.
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