Georges Achindu

A free-look period lets US travelers cancel a new travel insurance policy for a full refund after reviewing coverage, if it does not fit.
The model act adopted in 2018 said travelers could cancel until at least 10 days after electronic delivery, or 15 days after mailed documents.
Rules can vary by state and policy: the clock may begin at purchase, delivery, coverage effective date, and it ends once travel starts.
Travelers should confirm the refund covers the full premium, cancel in writing, save the timestamp, and review family, medical, evacuation, and waiver terms.
If trip dates change, experts said many insurers would modify coverage when the same deposits were reused for a rescheduled trip within ~2 yr.

Your Travel Insurance Refund Window

For US families, life insurance can do more than replace income by creating liquidity when wealth sits in businesses, Real Estate, stock, or illiquid assets.
Advisors may compare insurance with fixed-income holdings, not equities, by modeling death-benefit IRR across time horizons and weighing certainty, tax treatment, and opportunity cost.
High net worth does not guarantee cash when needed; heirs may face taxes, debt guarantees, bank covenants, fees, or income needs before assets sell.
A policy can buy time before federal estate tax is generally due, helping families preserve businesses or Real Estate instead of accepting pressured offers.
Execution matters: ownership must be structured carefully, since proceeds can increase estate taxes, and installment elections may bring interest, liens, and business-performance risk.