Drunken Zombie

WHAT IS A “FREE LOOK” PROVISION?

Many states have laws which give you a set number of days to look at the annuity contract after you buy it.  If you decide during that time that you don’t want the annuity, you can return the contract and get all your money back.  This is often referred to as a free look or right to return period.  The free look period should be prominently stated in your annuities.  Be sure to read your contract carefully during the free look period. 

This entry was posted on Wednesday, February 1st, 2012 at 11:06 pm and is filed under . You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will be moderated but will appear as soon as humanly possible.