Life Insurance Basics
What is the life insurance free look period?
The free look period is a period after you receive your life insurance policy during which you can cancel the policy and receive a full refund of premiums paid. The free look period is typically 10-30 days depending on the state. Review your policy carefully during the free look period.
Key Points
- Free look period: typically 10-30 days after receiving your policy
- Cancel during free look period: full refund of premiums paid
- Review your policy carefully during the free look period
- After free look period: surrender charges may apply
- An independent agent can help you review your policy