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7 Cards in this Set

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