A resident of Kalamazoo buys an individual long-term care insurance policy through an agent. Two weeks after the policy is delivered, she decides she does not want the coverage. How long after delivery does she have to return the policy for a full premium refund?

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.