What is the Incontestable Period in Life Insurance?

Are you interested in learning about the incontestable period for life isnurance?

What is incontestable period and how does it work?

The incontestable period usually lasts for two years when applied to life insurance.

What is it? The incontestable clause in a life insurance policy states that after a policy has been "In Force" for two years, the life insurance company cannot void it because of misrepresentation of concealment by the insured in obtaining the policy.

Basically, if you lied on your life insurance application, your policy cannot be voided as a result; however, the premium may be adjusted if you lied about your age, or smoking, etc.

Learn more about life insurance terms online here.