What is Contestability Period? | LIFE-HEALTH Exam Prep

The contestability period is typically the first two years of a life insurance policy during which the insurer can investigate and deny claims based on material misrepresentation or fraud in the application. 📚 Learn more about Contestability Period and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Contestability Period definition: https://www.open-exam-prep.com/glossary/contestability-period 💡 Exam Tip: Contestability = first 2 years, insurer can investigate. After 2 years = incontestable (except fraud). Suicide clause is separate! --- #insurance #examprep #financeexam #life-health