[FL 2-15 Life & Health] 7, Life Buyer Guides, Policy Summaries and Free-Look Rights

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How Florida Statute 626.99 governs the delivery timing of the Buyer's Guide and Policy Summary prior to accepting initial premiums. - Why a qualifying 14-day unconditional refund provision permits delivery of life insurance disclosures with or before policy delivery. - How Florida's mandatory 21-day unconditional refund for fixed and variable annuities operates, including valuation differences and the narrow accredited-investor exception in the variable or market-value annuity subparagraph. - Why candidate test-takers must distinguish general life disclosure rules from line-specific free-look rights such as 30-day periods for Medigap and LTC. - A concise decision rule to memorize key statutory return periods across life, annuity, and specialty health contracts. This independent prep supplement is designed to accompany your Florida 2-15 study plan. Explore practice questions at https://open-exam-prep.com/practice/fl-life-health and watch video walkthroughs at https://www.youtube.com/@Open-exam-prep . Sources checked: October 26, 2026 https://www.flsenate.gov/Laws/Statutes/2026/626.99 https://www.flsenate.gov/Laws/Statutes/2026/627.9407 https://myfloridacfo.com/division/consumers/understanding-insurance/medicare-supplement-insurance-overview