Upon returning a life insurance policy after 25 days of receiving it as unsatisfactory, what percentage of the premium can the insured expect to be refunded?

When an insured returns a life insurance policy within the free look period, which is typically 10 to 30 days depending on state laws, they are entitled to a full refund of the premium paid. In Idaho, if the policy is returned unsatisfactory within this timeframe, the insured can expect to receive a complete refund of the premiums.

However, in this scenario, since the policy is being returned after 25 days of receiving it, it falls outside of the free look period's general requirements. As such, the continuing obligation for the insurance company to issue a refund is negated, resulting in no refund being issued for the premium. The insured therefore should expect to receive 0% of the premium refund in this situation, as the return falls beyond the stipulated period for a refund to be honored.