Time to Think
When an individual applies for a mortgage loan, the loan is not extended immediately upon approval. Most states require both parties to wait three days. This time, called a rescission period, is intended to allow the borrower an opportunity to consider his choice in the comfort of his own home. He is encouraged to read the small print, and make sure that he is making the right decision for himself and his family.
Buying health insurance is at least as complicated. That’s why many states have a 10-day “free-look” period for insurance policies. Just like taking out a loan, buying insurance involves a long-term financial agreement. This is an important and personal transaction and should not be made hastily or under duress. Our company, GetInsured.com works hard to design a health insurance plan suited for each customer. Then we go one step further than any other company and the mandated free-look. From the day an application is submitted, customers have 30 days to think about their new policies. If the customer changes his mind for any reason, GetInsured.com will give him or her a full refund. No questions, no pressure. I am proud of this industry-leading practice because, after all, what is insurance for if not to provide peace of mind.
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Posted on Tuesday, September 1st, 2009 at 6:10 pm. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below. Your comments will appear immediately, but the author reserves the right to delete innapropriate comments.
