After receiving proceeds from her viatical settlement agreement, what option does Mattie have within the cancellation period?

Mattie has the option to cancel the contract within the cancellation period because this aligns with the consumer protection principles inherent in viatical settlements. The cancellation period is typically designed to provide the seller (in this case, Mattie) with the opportunity to reconsider their decision after the transaction has taken place. This is particularly important in viatical settlements, where individuals are often placed in vulnerable situations due to medical conditions and financial needs.

By allowing cancellation without penalty during this period, the contract acknowledges that circumstances can change, and individuals should not be bound to irreversible agreements without the chance to review their options. This right to cancel serves as a safeguard, ensuring that the seller has the space to make a well-considered decision.

The other options do not fully capture this protective aspect of viatical settlement agreements. A contract being binding without the ability to cancel would overlook the importance of consumer rights, while suggesting modifications without cancellation undermines the clear intent of providing a cooling-off period. The notion of only receiving a partial refund does not align with typical cancellation policies, which should allow for a full cancellation as long as it is within the specified timeframe.