The legth of time in which a proposer is expected to effect changes in life insurance contract is?
- days of grace
-
cooling off period
- rectification
- endorsement
The correct answer is: B
Explanation
cooling-off period,is a period during which you can cancel the policy for any reason. If you cancel, you should get a refund of any premiums you've paid, but the insurer is allowed to charge to cover days when the policy was in force, plus an administration fee.