Final answer:
The minimum free look period for a variable annuity in Florida is 21 days, giving individuals time to review the terms and conditions before committing to the policy.
Step-by-step explanation:
The minimum free look period for a variable annuity in Florida is 21 days. This refers to the amount of time an individual has to review the terms and conditions of the annuity contract after purchasing it. During this period, they can cancel the policy without incurring any penalties or charges. It is an important consumer protection measure that allows individuals to make an informed decision about their financial investment.