A period of time (usually 30 days) when you can try out a Medigap policy. During this time, if you change your mind about keeping the policy, it can be cancelled. If you cancel, you will get your money back.
Usually a 10-day guarantee during which an individual can have either the amount of an initial purchase or the current value of an annuity contract refunded. State rules vary.
A required period, of 10 or more days after a policy has been delivered to the policy owner, during which the policy can be returned for a refund of all amounts paid.
A period of time (usually 10 days) an insured has to look over a life or health policy and, if dissatisfied for any reason, return it for a full refund.
A feature of an insurance policy or investment that allows the purchaser to examine the contract for a specified time period with the option of requesting a full refund.
The period of time a policy holder has to look over the policy without any obligation may be 10, 20, or 30 days.
The period during which you may reconsider the purchase of an insurance policy, cancel and get a full refund. Individual health policies have a free look of at least 10 days; Medicare supplement and long-term care policies have 30-day free look periods.
An opportunity for the policyholder to examine the terms of a new policy and surrender it for a complete refund of premium if not fully satisfied. This period is usually 10, 20 or 30 days, depending on the state in which the policy is written in. Return to the top
A period of time (usually 10 or 20 days) during which a policy holder may examine a newly issued individual life insurance policy, and surrender it in exchange for a full refund if not satisfied for any reason.
A period of time when you can try out a Medicare supplemental insurance (Medigap) policy. During this time (usually 30 days), you can cancel the policy and get a full refund.
Provision required in most states whereby policy owners have up to 20 days to examine their new policies at no obligation.
A provision in which policyholders have up to twenty days to examine their policies at no obligation.
A period of time (usually 10, 20 or 30 days) during which a policyholder may examine a newly issued individual policy of life or health insurance, and surrender it in exchange for a full refund of premium if not satisfied for any reason.
The right of the owner of the policy to examine the policy, and return it for a full refund if necessary; this usually lasts for at least ten days.
When the policyowner receives a policy he has 10 to 20 days (depending on the state) to review the policy. During this period he can return the policy for a full refund of the premium.
The right of the policyowner to have a period of ten or more days to examine an insurance policy, and if not satisfied, return it to the company for a full refund of all amounts paid.
A period of time(usually 10, 20, or 30 days, depending on the state) during which a policyholder may examine a newly issued individual life insurance policy, and return it in exchange for a full refund of premium if not satisfied for any reason.
This provision allows new policyowners to have an opportunity to examine the new policy without obligation, usually 10 to 30 days. If the policy is canceled during the free look period, all premiums paid will be refunded. Back to the top of the page
Trial period required in most states where policy owners have up to 20 days to examine their new policies with no obligation.