Wouldn't it be a lot easier if the regulator legally allows all policies to be cancelled within the first month of policy purchase in case the customer wishes to allow escape for customers who feel cheated by their agents upon reading the fine print of the policy?
RE:Way to prevent customer being duped by Agents
by jervis pereira on Sep 14, 2007 10:21 AM Permalink
Insurance companies have what is called a 'free look' period of 15 days after you recieve the insurance policy. In that time you can cancell the policy and get a refund of your investment minus some charges(varies from co.to co.)
