Final answer:
In Colorado, a life insurance applicant has a 'free look' period of 10 days after policy delivery to receive a full refund if they are not satisfied with the policy for any reason.
Step-by-step explanation:
In Colorado, a life insurance applicant has 10 days after policy delivery for a full refund of premium if not satisfied for any reason. This period is commonly referred to as the "free look" period, which is a provision in the insurance industry that allows consumers a set amount of time to review the terms and conditions of a life insurance policy after it has been delivered. If the consumer is not satisfied for any reason, they can cancel the policy without any penalties and receive a full refund of the premium paid.