What is the mandatory Free Look period for life insurance policies in Florida?

In Florida, the mandatory Free Look period for life insurance policies is 14 days. This provision allows policyholders to review the terms of their insurance policy after receiving it. If they decide the policy does not meet their needs or expectations, they have the right to return it within this 14-day period for a full refund of any premiums paid. This consumer protection measure ensures that individuals can make informed decisions without being locked into a long-term commitment immediately after purchasing a policy.

The Free Look period is particularly important as it provides time for the policyholder to read through the details, understand the coverage, and consult with family or advisors before confirming their decision. After the 14-day period, the policy remains in force for the duration of the contract, subject to the terms and conditions agreed upon during the application process.