What is the minimum "Free Look" period for life insurance policies in Connecticut?

In Connecticut, the minimum "Free Look" period for life insurance policies is set at 10 days. This provision allows policyholders to review their insurance policy after purchase. During this window, individuals have the opportunity to examine the terms and conditions of the policy and decide whether it meets their needs. If the policyholder is not satisfied for any reason, they can cancel the policy within this time frame and receive a full refund of any premiums paid.

The "Free Look" period is a consumer protection measure designed to ensure that individuals have sufficient time to understand their commitment before it becomes binding. A 10-day period strikes a balance between allowing adequate time for review and ensuring that the insurer can begin processing the policy without excessive delays. Other durations proposed in the choices, such as 5 days or more extended periods like 15 or 30 days, do not align with Connecticut's specific regulations for life insurance policies.