Policy Riders, Provisions, Options, and Exclusions
When does the free-look period for a newly delivered life insurance policy begin?
Answer and explanation
Answer: C. The free-look period begins upon actual delivery of the policy to the owner.Source: Texas Department of Insurance — Life Guide — Shopping for life insurance > Free look
More policy riders, provisions, options, and exclusions questions
- What is the primary operational objective of an automatic premium loan (APL) provision?
- What restriction applies to an owner who names an irrevocable beneficiary?
- What right does a guaranteed insurability rider (GIR) grant to the policyowner?
- What standard requirements must a policyowner satisfy to reinstate a lapsed life insurance policy?
- When an increasing term rider is added to a whole life policy to provide a return-of-premium death benefit, what does the total benefit equal at death?
- When is a contingent beneficiary generally next in line to receive life insurance proceeds?
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