What is Incontestability Clause? | LIFE-HEALTH Exam Prep

The incontestability clause is a life insurance policy provision stating that after a specified period (usually 2 years), the insurer cannot contest or void the policy based on material misrepresentation in the application, except for fraud. 📚 Learn more about Incontestability Clause 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 🔗 Incontestability Clause definition: https://www.open-exam-prep.com/glossary/incontestability-clause 💡 Exam Tip: Incontestability = after 2 years, insurer CANNOT deny claims for misrepresentation. FRAUD is the exception—can always be contested! --- #insurance #examprep #financeexam #life-health