Series 66: 3.7.3.6. Free-Look Period

Taken from our Series 66 Online Guide

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3.7.3.6. Free-Look Period

The policyholder may elect to return the contract within 45 days of its execution or within 10 days of receiving the issued contract, whichever is later, and receive a full refund of all payments made.

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SUMMARY TABLE

Advantages and Disadvantages of Variable Life Insurance Products

Advantages

Ability to choose how the money will be invested to better meet the policyholder’s goals

Minimum death benefit

Ability to earn a higher death benefit and cash value on the account

Ability to exchange the variable policy with a whole life policy within the first two years of the policy

Voting rights

Greater chance to beat inflation on cash value and death benefit

Disadvantages

Subject to investment risk

May lose part of the