What Is Contestable Period Life Insurance?

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   Peggy Mace

   Most of the U.S.

   All life insurance policies have a two year contestable period. It is the first two years after the policy goes into effect. During the two year contestable period, if death would occur, the insurance company will review the claim to make sure that the health and personal information on the application was correct. If there was a misrepresentation on the application that would have caused the price to be changed or policy to be declined, the policy may not pay the death benefit. During the contestable period, the policy will also not pay for death by suicide.

   Answered on October 20, 2013

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