A Michigan individual life insurance policy must allow the new policyowner to examine the policy after delivery and return it for a refund. What is the minimum free-look period?

Why C is correct

M.C.L. 500.4015 requires every Michigan individual life policy to give the policyowner at least 10 days from receipt to examine and return the policy. The insurer must then promptly refund all premiums paid, including the policy fee, and a notice of this right must appear on the first page of the policy.

Why the other options are wrong

• A) At least 5 days is shorter than the minimum examination period mandated by M.C.L. 500.4015 for individual life policies.
• B) At least 15 days exceeds the statutory minimum; 10 days is the floor Michigan requires for the life policy free look.
• D) At least 30 days is far longer than the 10-day minimum in M.C.L. 500.4015; the 30-day period belongs to other Michigan contexts, not the basic life free look.

Memory hook

Life free look: 10 days, policy fee included in the refund.