Fred bought life insurance five years ago.He forgot to tell them that he had a heart condition,and,as a result of that condition,he recently died.Which of the following provisions prevents the life insurance company from refusing to pay his beneficiaries because of his original misrepresentation?

Question

Quizplus · Accepted Answer

The incontestability clause prevents the life insurance company from refusing to pay if the policy has been in force for a certain period of time (usually two years) and the insured made a misrepresentation. This clause protects the beneficiaries in the event of an accidental or unintentional misrepresentation made by the insured, including a failure to disclose a medical condition.

Fred Bought Life Insurance Five Years Ago