Each policy has a 30-day Free Look period. This means that you are eligible for a full refund if you cancel within the first 30 days after purchasing. Your insurance remains in force so long as you pay the monthly premium throughout the term. If you can’t afford to pay the premium one month, you will still have coverage for the next 30 days. So long as the premium is paid the month following, your coverage remains enforce. Any missed premiums throughout the term are deducted from the death benefit in the event of a claim.