In reading the Certificate of Insurance, it mentions an incontestability period. What does that mean?
When an application is submitted to an underwriter, decisions are made based on the information provided on that application. If death occurs within a two year period from the effective date of coverage or from the approval date of an upgrade request, the insurance company has the right to investigate the claim. If they find that information had been withheld on the application form, it may affect benefits paid on the policy and may be limited to the return of premiums paid into the policy.
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