Long Term Care insurance applicants are provided the right to return their policy for a full refund of premium within how many days of its delivery?

The correct answer reflects the standard provision for Long Term Care insurance policies that grants applicants a suitable period to review their coverage after receiving the policy. Under Rhode Island law, applicants have the right to return their Long Term Care insurance policy within a specified timeframe, which in this case is 30 days.

This 30-day period allows individuals to carefully evaluate the terms of the policy, ensuring it meets their needs, without financial penalty. If they decide that the policy does not meet their expectations, they can return it within this period and receive a full refund of any premiums paid, offering peace of mind and a safeguard for consumers, especially given the complexity and long-term commitment associated with Long Term Care insurance. This provision helps encourage informed decision-making and protects consumers from potential regret over their purchase.