What option does Julia have after signing a viatical settlement agreement if she decides she no longer wants to sell the policy immediately after 2 weeks?

If Julia decides she no longer wants to sell the policy immediately after 2 weeks, she has the option to cancel the contract because the cancellation period has not yet ended. Generally, viatical settlement agreements provide a specific cancellation period during which the seller can change their mind and withdraw from the agreement without any penalty. This time frame allows individuals to reconsider their decision after they've had the chance to reflect on the implications of selling a life insurance policy.

The rationale behind this provision is to protect individuals who may feel pressured or rushed into making such significant financial decisions. As long as Julia is still within that specified cancellation period, typically defined by law, she can cancel the agreement and retain her life insurance policy without needing approval from the viatical settlement provider. This consumer protection measure ensures that individuals have the right to make informed choices without immediate consequences.