The incontestability clause typically indicates that the insurance company will not challenge the validity of statements made in the insurance contract
A) after a specified period of time,if the incorrect statements were either honest mistakes or unintentional omissions.
B) after a specified period of time,regardless of why the misstatements or omissions were made.
C) after the contract is accepted by the company,if the incorrect statements were either honest mistakes or unintentional omissions.
D) after the contract is accepted by the company,regardless of why the misstatements or omissions were made.
Correct Answer:
Verified
Q44: Deposit term insurance is
A)typically a good buy,because
Q45: In which of the following policies does
Q46: The nonforfeiture clause ensures that
A)cash value is
Q47: Given the same face amount of insurance
Q48: Given a cash value policy with the
Q50: Given a cash value policy with the
Q51: Group mortgage life is most similar to
A)whole
Q52: Policy loans on cash value insurance
A)are permitted
Q53: Term insurance differs from whole life insurance
Q54: These two products provide decreasing death protection
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