Mississippi Code Title 83. Insurance § 83-7-101

(i) To a policy owner, during the lifetime of the insured, in anticipation of death or upon the occurrence of specified life-threatening or catastrophic conditions as defined by the policy or rider;

(ii) Which reduce the death benefit otherwise payable under the life insurance contract (excluding accidental death and other ancillary benefits); and

(iii) Which are payable, in a lump sum or in periodic payments, at the option of the insured.

(i) A medical condition which would result in a drastically limited life span, for example, twenty-four (24) months or less;

(ii) A medical condition which has required or requires extraordinary medical intervention, such as, but not limited to, major organ transplant or continuous artificial life support, without which the insured would die;

(iii) A medical condition which would, in the absence of extensive or extraordinary medical treatment, result in a drastically limited life span. Such conditions may include, but are not limited to, one or more of the following: