Short answer: Indiana Department of Insurance review standards require a free-look provision on the front cover of life policies under IC 27-1-12-43: you may return the policy to the insurer, the agent who sold it, or any other agent of the insurer for a refund.
This guide is general consumer information for Indiana life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Free-look
The Indiana Department of Insurance Life and Annuity Review Standards state that under IC 27-1-12-43 the insured may return the policy to the insurer, the agent who sold the policy, or any other agent of the insurer. The free-look provision must appear on the front cover of the policy, and premiums received must be refunded when the policy is returned within the free-look window printed there.
Insurer financial strength
For regulator help with insurer financial strength or solvency questions in Indiana, start with the Indiana Department of Insurance.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in Indiana.
Frequently asked questions
Where must Indiana's free-look appear?
On the front cover of the policy, under IC 27-1-12-43 and IDOI review standards.
Where can I return an Indiana life policy?
To the insurer, the selling agent, or any other agent of the insurer.
Alishahi Insurance · 439 N Canon Dr, Penthouse, Beverly Hills, CA 90210 · (877) 711-4545 · CA License #4348151. General information only. This isn't legal, tax or financial advice or a coverage determination. Coverage depends on policy language and underwriting, and rules vary by state.