What is Nevada's free look period for life insurance?

Nevada law requires life insurance companies to provide a free look period—also called a right-to-return period—during which you can review your policy and return it for a full refund of all premiums paid if you decide the coverage doesn't meet your needs.

Under NRS 688A, Nevada's standard free look period is 10 days from the date you receive the policy. Some carriers voluntarily extend this to 15 or 30 days as a consumer-friendly practice. During this period, you can return the policy for any reason—no explanation required—and receive a complete premium refund.

The free look period is designed to protect consumers who may feel pressured during the application process or who discover after careful review that the policy terms don't match their expectations. It allows an informed second look without financial consequence.

To exercise your free look rights: write a cancellation letter to the carrier noting the policy number and your intent to cancel within the free look period. Send it via certified mail with return receipt. Keep a copy and the tracking confirmation.

The free look period doesn't apply to group insurance or renewals of existing policies—it applies to new individual policy issuance. If you have questions about a newly issued Nevada life insurance policy, the Nevada Division of Insurance can advise on your rights.