A 55-year-old buys a new individual life insurance policy in California that does not replace any existing coverage and is not issued under a conversion privilege or in a credit transaction. How long is the free look period under §10127.9?
Correct
The answer is D: 10 to 30 days, whichever period the insurer sets in the policy.
Section 10127.9 applies to individual life policies and annuities (not credit or conversion policies) and requires a printed notice that the owner may return the policy within a period the insurer sets of not less than 10 nor more than 30 days. Owners 60 or older on the date of purchase get at least 30 days under section 10127.10, and a policy that replaces existing life insurance or an annuity carries a 30-day refund right at any age (section 10509.6(d)).
Why not ?
Reviewed in our October 2026 California fact-check.
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The answer is D: 10 to 30 days, whichever period the insurer sets in the policy.
Section 10127.9 applies to individual life policies and annuities (not credit or conversion policies) and requires a printed notice that the owner may return the policy within a period the insurer sets of not less than 10 nor more than 30 days. Owners 60 or older on the date of purchase get at least 30 days under section 10127.10, and a policy that replaces existing life insurance or an annuity carries a 30-day refund right at any age (section 10509.6(d)).
Reviewed in our October 2026 California fact-check.
