Short answer: Washington individual life policies must give you 10 days after receipt to return the policy for a premium refund. If the insurer doesn't pay that refund within 30 days of the return, RCW 48.23.380 adds a 10% penalty.
This guide is general consumer information for Washington life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Free-look
RCW 48.23.380 requires individual life policies issued after September 1, 1977, to state that the owner may return the policy within 10 days after receipt for a premium refund if not satisfied. An unpaid refund due within 30 days of return carries an additional 10% penalty. Credit-transaction and contractual conversion policies are exempt.
Insurer financial strength
For regulator help with insurer financial strength or solvency questions in Washington, start with the Washington State Office of the Insurance Commissioner.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in Washington.
Frequently asked questions
How long is Washington's life insurance free-look?
10 days after you receive the policy, under RCW 48.23.380.
What if my Washington premium refund is late?
RCW 48.23.380 adds a 10% penalty if the refund is not paid within 30 days of return.
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.