What is the free look period for life insurance in Nevada?

Nevada insurance law requires a free look period for life insurance policies—a window during which a new policyholder can review the policy and return it for a full refund of premium paid if not satisfied, with no questions asked.

For most life insurance policies in Nevada, the free look period is 10 days from policy delivery. However, for policies sold through the mail or other direct marketing methods, the period is extended to 30 days. Seniors (age 60 and older) also receive a 30-day free look period under Nevada law.

To exercise the free look right, return the policy to the carrier or agent within the specified period with a written request for cancellation. The carrier processes the cancellation and returns all premiums paid within a specified timeframe. If the policy has accumulated any cash value during this brief period, that amount may be included in the refund.

The free look period is an important consumer protection allowing Nevada residents to review the complete policy documents—not just the illustrations shown during the application process. Take the time to read the policy thoroughly, including the exclusions, riders, and all terms. If anything differs from your understanding during the application, the free look period is your opportunity to ask questions or return the policy.