When does the free look period typically begin?

The free look period typically begins upon delivery of the policy. This is an important consumer protection feature in insurance that allows the policyholder to review the terms and conditions of the policy once they receive it. During this period, which usually lasts for a specified number of days (such as 10 or 30 days), the policyholder has the right to cancel the policy without penalty and receive a full refund of any premiums paid.

Starting the free look period upon delivery is beneficial, as it ensures that the policyholder has the actual document to review, rather than merely relying on prior discussions or illustrations. It allows for informed decision-making based on the specifics of the policy as stated in the delivered documents.