Short answer: South Carolina individual life policies must let you return the policy for at least 10 days after delivery, at least 20 days if it's a replacement, or at least 31 days if it was sold by a direct-response insurer. Premiums after the first get a grace period of at least 31 days.
This guide is general consumer information for South Carolina life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Free-look tiers
S.C. Code §38-63-220 requires a first-page provision that the policyholder may return the policy within:
- Not less than ten days of delivery in the ordinary case
- Not less than twenty days if replacement of insurance is involved
- Not less than thirty-one days if the policy was solicited by a direct response insurer rather than through a licensed agent
The entire premium must be returned immediately. The same section requires a grace period of not less than thirty-one days for any premium after the first, during which the policy continues in full force.
Insurer financial strength
To ask about an insurer's financial strength or solvency under South Carolina regulation, contact the South Carolina Department of Insurance.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in South Carolina.
Frequently asked questions
How long is South Carolina's life insurance free-look?
At least 10 days after delivery, 20 days for a replacement, or 31 days for a direct-response sale, under S.C. Code §38-63-220.
What's South Carolina's life insurance grace period?
At least 31 days for premiums after the first.
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.