Life Insurance Information Dictionary

Incontestability

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The Dictionary of Life Insurance Terms and Definitions

A provision of most life insurance policies that provides for a period of time, usually 2 years, wherein the insurance company can resist payment of the proceeds of the policy if it can be shown that the applicant lied or failed to reveal existing conditions at the time of issuance of the policy.  The life insurance company may not resist payment of a death benefit at any time after the contestibility period.

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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.