Question and answer
The incontestability clause stipulates that the insurance company can dispute the validity of the policy during the insured's lifetime. (Points : 2) True False
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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