Under Michigan law, how long after delivery does the policyowner of an individual long-term care policy have the right to return the policy for a full premium refund?

Why B is correct

Michigan's right-to-return statute for long-term care policies (M.C.L. 500.3943, within M.C.L. 500.3901 to 500.3955) gives the policyowner 30 days after delivery to return the policy for a full premium refund. Note that the statute controls: although some consumer guidance materials describe a shorter free-look window, the statutory return period keyed for Michigan long-term care policies is 30 days, and the right must be disclosed with the policy.

Why the other options are wrong

• A) A 10-day window is the kind of shorter free-look figure that appears in some consumer materials but is not the Michigan statutory return period for long-term care policies.
• C) A 45-day return period is not part of Michigan's long-term care return right.
• D) A 60-day return period is not part of Michigan's long-term care return right.

Memory hook

LTC return right in Michigan: a full month, 30 days, to hand it back.

Why B is correct

M.C.L. 500.3943 gives every Michigan long-term care insurance applicant the right to return the policy within 30 days after delivery and receive a full premium refund. The right applies whether the policy was sold by an agent or through direct response, and notice of the right must appear on the first page of the policy and in the summary of coverage. A dissatisfied buyer can therefore walk away with all money returned.

Why the other options are wrong

• A) 10 days is a shorter free-look figure used for some other products; the Michigan long-term care statute keys the return period at 30 days (M.C.L. 500.3943).
• C) 45 days is a claims-payment timing figure under Michigan law, not the long-term care right-to-return period.
• D) 6 months is the Medicare supplement open enrollment and preexisting-condition period, unrelated to the long-term care return right.

Memory hook

LTC = a full 30 days to change your mind, per M.C.L. 500.3943.