Final answer:
A free look period is a time period provided to insurance policyholders during which they can review their policy terms and conditions and decide whether to continue with the policy or cancel it without any penalty.
Step-by-step explanation:
A free look period is a time period provided to insurance policyholders during which they can review their policy terms and conditions and decide whether to continue with the policy or cancel it without any penalty.
For adults, the length of the free look period can vary depending on the insurance company and the type of policy. It can range from 10 days to 30 days.
For seniors, the free look period is often extended to provide more time for review. The length of the free look period for seniors can range from 30 days to 60 days.