Minnesota
For Minnesota, transaction type is life insurance policy; cooling-off period is 10 days; cancellation method is return the policy; refund timeline is refund all premiums paid; cancellation fee is none, recorded from its source on 2026-08-16.
- State
- Minnesota verified
- Transaction type
- life insurance policy verified
- Cooling-off period
- 10 days verified
- Cancellation method
- return the policy
- Refund timeline
- refund all premiums paid
- Cancellation fee
- none
- Statute
- not specified
What the source says
If you return a life insurance policy within the “free look” period, the insurance company must cancel the policy and refund all the premiums paid. Hearing Aids You have the right to cancel the purchase of prescription hearing aids within 45 days after receiving the hearing aids, and may not be charged a cancellation fee of more than $250. Extended Car Warranties Minnesota law provides that motor vehicle service contracts—commonly referred to as extended car warranties—must allow you to return the contract within 20 days of the date the service contract was mailed to you, or within 10 days if the contract was delivered at the time of sale, or within a longer time period if provided by the contract.
— ag.state.mn.us, retrieved 2026-08-16
Source
- ag.state.mn.ushttps://www.ag.state.mn.us/consumer/publications/CoolingOffPeriod.asp