Answer :
For annuity contracts issued to seniors, the free-look period is 30 days. This means that once a senior receives their annuity contract, they have up to 30 days to review the contract terms. During this period, they can decide whether to keep the contract or cancel it without facing any penalties. If they choose to cancel within this period, they can receive a refund of any premiums paid. This 30-day free-look period provides seniors with the opportunity to ensure that the annuity agreement meets their financial needs and expectations.
