What is the free look period for life insurance?

The free look period is a short window — typically 10 to 30 days after you receive your policy — during which you can cancel and receive a full refund of any premiums paid, for any reason. It gives you time to review the policy documents in detail and make sure it meets your needs before you are committed. All states require insurers to offer a free look period, though the exact length varies by state and policy type.