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7 Cards in this Set
- Front
- Back
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Time to reconsider purchase of annuity/life insurance?
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-right must be stated in text
-once insurer recieves notification of rescission. 30 days to issue the refund of premiums |
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Face value less than 10,000.
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policy must include notice stating that the policy may be returned for cancellation by delivery or mail between 10 and 30 days.
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if person is older than 60 how much time at least to rescinde?
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30 DAYS minimum
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under 06 how much time to rescinde?
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At least 10 DAYs
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"free-look" or right to return period
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no penalty to return policy, no surrender penalties.
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conservation is?
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the attempt to save a policy when we get them a better deal.
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important:
during first 30 day period premium for variable annuity can only be invested in: |
fixed market
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