After purchasing a life insurance policy, is there a period of time during which I can change my mind and have my money refunded?
Yes, the Insurance Law requires a period of not less than ten days nor more than 30 days from the date the policy is delivered to you. A policy sold by mail order must provide for a 30 day period. The insurer must refund to you any premium paid, including any policy fees or charges.
Before You Buy Life Insurance
Comprehensive information about life insurance from the Insurance Department's Life Insurance Resource Center