The legth of time in which a proposer is expected to effect changes in life insurance contract is?
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Correct Answer: Option B
Explanation:
cooling-off period,is a period during which you can cancel the policy for any reason. If you cancel, you should get a refund of any premiums you've paid, but the insurer is allowed to charge to cover days when the policy was in force, plus an administration fee.
cooling-off period,is a period during which you can cancel the policy for any reason. If you cancel, you should get a refund of any premiums you've paid, but the insurer is allowed to charge to cover days when the policy was in force, plus an administration fee.