When does Connecticut's 10-day free-look period for life insurance policies begin?

In Connecticut, the 10-day free-look period for life insurance policies begins on the date of delivery of the policy to the policyholder. This is a critical consumer protection measure designed to give individuals the opportunity to review the policy terms and conditions. During this period, policyholders can evaluate the coverage they have purchased and decide whether it meets their needs. If they are not satisfied, they can cancel the policy for a full refund of any premiums paid.

This approach ensures that consumers have a chance to consider their decision without the immediate pressure of financial commitment, starting the countdown on the delivery date rather than on application submission, issuance, or premium payment. This emphasizes the importance of clarity at the point of delivery when the individual has the physical document and can assess its details and implications.