Final answer:
The right to examine or 'free look' period in life insurance policies is true, allowing policyholders to return their policy for a full refund within a specified period if dissatisfied.
Step-by-step explanation:
The statement in the question is true. The right to examine (often referred to as the "free look" period) is indeed a provision in life insurance policies. This provision grants policyholders a specified period, typically ranging from 10 to 30 days, during which they can review the terms and conditions of their newly purchased life insurance policy. If the policyholder is dissatisfied for any reason during this time, they can return the policy to the insurer for a full refund of any premiums paid.
This consumer protection feature is designed to provide policyholders with peace of mind and sufficient time to make an informed decision about their life insurance coverage. It's important for policyholders to understand this feature when purchasing a policy to ensure their rights and satisfaction with their coverage.