Disposiciones de Pólizas de VidaPregunta 543 de 716
The free-look provision in a life insurance policy gives the policyowner the right to:
a.Change the named insured on the contract within the first month of ownership without providing new evidence of insurability
b.Cancel the policy at any point during the first year and receive all premiums back
c.Examine the delivered policy for a set number of days and return it for a full premium refund
d.Borrow against the cash value immediately after issue
Explicación
The free-look lets the owner review the actual delivered policy for a stated number of days (often 10) and return it for a full refund if unsatisfied. It is not a loan right, an unlimited first-year cancellation, or a way to change the insured.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)