Rule 19-2-5.09 - ApplicationsThe application for a variable life insurance policy shall contain:
A. a prominent statement that the death benefit may be variable or fixed under specified conditions;B. a prominent statement that cash values may increase or decrease in accordance with experience of the separate account (subject to any specified minimum guarantees);C. questions designed to elicit information which enable the insurer to determine the suitability of variable life insurance for the applicant.Miss. Code Ann. § 83-7-45 (Rev. 2011)