1. 185 POINTS
    Richard Eddy
    Financial Advisor, Cona Financial Group, La Verne, CA
    It depends on the specifics of the policy, however, generally speaking, most any life insurance policy that you would buy today would be considered "guaranteed renewable". This means that as long as you pay your premiums on time, the company cannot cancel/revoke your policy.

    If you already have a life insurance policy that you are concerned about, it makes sense to check with your agent to get this question answered.
    Answered on June 13, 2013
  2. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Revoked may not be the best word, but perhaps denied is what you’re looking for. Once life insurance is in force, the two year contestability period begins. If the policy insured commits suicide the death claim by the beneficiaries will be denied. If misstatements, misrepresentations or material omissions are discovered during this period it could constitute fraud and the death claim would be denied.
      
    Answered on June 13, 2013
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