L&HMImedium
Under Michigan rules, what is the minimum free-look period that must be provided on a life insurance or annuity policy issued as a replacement?
20 days
B10 days
C15 days
D30 days
Why this is the answer
Michigan extends the standard 10-day free-look to 20 days when a life insurance or annuity policy is issued as a replacement, giving the consumer extra time to compare against the policy being replaced.
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