Final answer:
When purchasing a variable life insurance policy, customers generally have a typical free-look period of 10 to 30 days to cancel their policy for a full refund, which is much shorter than the options of 6 to 24 months provided.
Step-by-step explanation:
When purchasing a variable life insurance policy, customers generally have a free-look period during which they have the right to cancel their policy and receive a full refund of premiums paid. This period varies by state and by insurer, but it is typically within 10 to 30 days from the policy delivery date, not 6, 12, 18, or 24 months. This free-look period is designed to give customers the opportunity to review the policy and ensure it meets their needs without financial penalty.
The options provided in the question (6 to 24 months) are much longer than the standard free-look period for life insurance policies. It's crucial for policyholders to understand the specific terms and timeframes of their insurance contract as these can have important financial implications.