Insurance Term

Incontestability Clause

A provision preventing an insurer from disputing a policy's validity after it has been in force for a set period (usually 2 years).

Detailed Explanation

This protects the beneficiary's payout, even if the insured made an innocent error on the application years ago.

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Practice QuestionEasy

Which of the following best describes the concept of Incontestability Clause?

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