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Q: The incontestability clause stipulates that the insurance company can dispute the validity of the policy during the insured's lifetime. (Points : 2) True False
A: False. An incontestability clause prevents an insurer from denying benefits on the ground of Misrepresentation in the application. The clause applies only when the policy has been in effect for a specified period of time. This time period, the contestability period, is usually two or three years.
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Asked 9/15/2012 6:42:26 PM
Updated 5/7/2014 7:13:58 AM
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The most common type of permanent life insurance is the whole life policy. (Points : 2) True False
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Expert Answered
Updated 10/12/2015 10:11:24 PM
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The most common type of permanent life insurance is the whole life policy. TRUE.
Added 10/12/2015 7:29:17 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/12/2015 10:11:11 PM]
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