What is the duration of the 'free look' period for life insurance?

The 'free look' period for life insurance is typically 10 days. This period allows policyholders to review their insurance policy after purchase. During the free look period, the policyholder can cancel the policy for any reason and receive a full refund of the premiums paid. This consumer protection measure ensures that individuals have adequate time to assess the policy terms, benefits, and their decision to purchase coverage without pressure. The 10-day time frame is a standard in many states to help ensure that consumers have sufficient time to understand their insurance choices and make informed decisions. This helps promote transparency and trust in the insurance process.