Questions: Which of the following insureds have a right to cancel an individual life policy for a full refund within 30 days of policy delivery? A. Insureds who are 60 years of age or older B. Only insureds who have dependents C. All insureds D. Only preferred insureds

The answer is A: Insureds who are 60 years of age or older.

Explanation for each option:

A. Insureds who are 60 years of age or older - This option is correct. Many jurisdictions have specific regulations that allow insureds who are 60 years of age or older to cancel an individual life insurance policy within a certain period (often 30 days) after policy delivery for a full refund. This is often referred to as a "free look" period.

B. Only insureds who have dependents - This option is incorrect. The right to cancel a policy within a certain period is not typically dependent on whether the insured has dependents.

C. All insureds - This option is incorrect. While many policies do offer a "free look" period for all insureds, the specific right to cancel for a full refund within 30 days is often extended specifically to insureds who are 60 years of age or older.

D. Only preferred insureds - This option is incorrect. The right to cancel a policy within a certain period is not typically based on the insured's status as a preferred insured.

In summary, insureds who are 60 years of age or older generally have the right to cancel an individual life policy for a full refund within 30 days of policy delivery.