What is the purpose of the free-look period?

• A. To lock in the sale
• B. To delay delivery
• C. To allow the client to review the contract after delivery and cancel for a full refund if unsatisfied
• D. To speed up the process

Answer: (C)

The essential idea is consumer protection after delivery: a window during which the policyholder can review the contract and, if dissatisfied, cancel and receive a full refund of premiums. This free-look period lets you understand the terms, benefits, and costs before you’re fully committed. In Michigan, this window is typically 10 days from delivery. If you return the policy within that period, it’s voided and you get your premiums back in full. It's not about locking in the sale, delaying delivery, or speeding things up.