During a single month, a Massachusetts producer sells three products: a Medicare supplement policy, a long-term care policy, and an individual life policy with a face amount of less than $25,000 in death benefit. Which pairing of right to return and product is correct under Massachusetts rules?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Massachusetts free-look rights attach by product, not by a single universal period. The Medicare supplement right to return is 30 days under 211 CMR 71.13; long-term care policies carry a right to return of at least 10 days under 211 CMR 65.101, with the mechanics at 211 CMR 65.101(5); and the statutory life free look under M.G.L. c. 175, § 187H is 10 days but applies only to individual life policies with a face amount below $25,000. Massachusetts has no general life free look beyond that scope, which is why the product must always be identified before any period is quoted.
Why the other options are wrong
- B) A single universal 10-day period misstates Massachusetts law; the periods differ by product, and Medicare supplement is 30 days.
- C) This choice swaps the Medicare supplement and long-term care periods and wrongly denies the small-face life policy its 10-day free look under M.G.L. c. 175, § 187H.
- D) Health products in this scenario carry the longer or comparable rights: 30 days for Medicare supplement and at least 10 days for long-term care.
Memory hook
Name the product before the number: med supp 30, LTC at least 10, small-face life 10.