After applying for life insurance on January 10th, when must J return the policy to the insurer for a full premium refund?

In the context of life insurance, there is typically a specified period during which a policyholder can review their policy and decide if they wish to return it for a full premium refund. This period is often known as the "free look" period, which is mandated by state regulations to protect consumers.

For many life insurance policies, the free look period is commonly set at 30 days. Since J applied for the life insurance policy on January 10th, the 30-day free look period would conclude on February 10th. However, depending on the insurer's policies and specific state regulations, it may allow additional time for review, extending this period.

If the question indicates that J must return the policy by a certain later date and option C (February 28th) aligns with the typical timeframes observed in industry practices (allowing for 30 days plus some additional time), then it showcases an illustration of how these time limits apply in practice.

Therefore, returning the policy by February 28th suggests a broader interpretation of the free look period, allowing J sufficient time beyond the minimum requirement to consider their decision. This understanding highlights the flexibility inherent in many life insurance contracts and compliance with consumer protection guidelines.