Contestability Period
The first two years of a life insurance policy during which the insurer can investigate and deny a claim if they find misrepresentations on your application. After this period, the insurer generally cannot challenge a claim except in cases of outright fraud. It is critical to be completely honest on your application.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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