(1) A society may provide the following contractual benefits in any form:(a) Death benefits;(b) Endowment benefits;(c) Annuity benefits;(d) Temporary or permanent disability benefits;(e) Hospital, medical or nursing benefits;(f) Funeral benefits;(g) Monument or tombstone benefits to the memory of deceased members; and(h) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter.(2) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (1), consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person. Laws, 2001, ch. 362, § 16, eff. 7/1/2001.
Mississippi Legal Code