Do Life Insurance Companies Have a Money Back Guarantee?

Yes, life insurance companies will refund any premium deposit you make on a new life insurance policy if you change your mind while your application for life insurance is pending - meaning your policy has not been issued yet.

Also, after you receive your life insurance policy you can have a full refund of any premium paid under a 10 day free look period (which may be longer in some states).

If, for any reason, you decide to cancel your life insurance policy after you paid for the policy, you can do that without any questions asked within 10 days after you have received your insurance policy.

The length of time for a money back guarantee may differ based on the regulations of the state in which you live and applied for life insurance, but 10 days is the most common free look period for life insurance.

Here's how you can compare instant life insurance quotes from top carriers.