Incontestability Clause

Also found in: Legal

0.01 sec.

Incontestability clause

Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two. If the life insurance company discovers any important facts that the policyholder may have concealed, such as experiencing a stroke, within that period, the insurer could revoke the policy.

A provision in some life insurance policies preventing the insurance company from canceling a policy after a certain period of time, usually one or two years. An incontestability clause protects the policyholder from being dropped if he/she develops an illness or health problem that is likely to shorten his/her life, which would be detrimental to the insurance company.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			9) The beneficiary moved for summary judgment, arguing the incontestability clause barred the insurer from raising any defense. Imposter fraud and incontestability clauses in life insurance policies by Alonso, Cristina / Florida Bar Journal With a new policy, the client must also meet the requirements of new incontestability clauses. Post-EGTRRA life insurance planning: the Economic Growth and Tax ... by Mintz, Jonathan A. / The Tax Adviser			Income Bond income capitalization approach Income Deposit Security Income Dividend Income Elasticity of Demand Income Exclusion Rule Income Fund Income Immunization Strategies Income in respect of a decedent Income Investment Company Income Limited Partnership income limits income per share income property Income Risk Income Share Income Shares income statement Income Stock income stream income tax income-bond fund Income-Equity Fund income-producing property incompetent Incontestability Clause Inconvertibility Inconvertibility Coverage incorporate Incorporated Joint Venture Incorporation incorporation by reference incorporeal rights Incoterms increment Incremental Cash Flows Incremental Cost Incremental Cost of Capital Incremental costs and benefits Incremental default risk Incremental Internal Rate of Return Incubator incubator space Incumbency Certificate Incumbent incumbrance incurable obsolescence Incurred but not Reported Losses Indemnazion justa por expropiacion indemnification Indemnify			inconspicuous inconspicuous penis Inconspicuous Yellow Office inconspicuously inconspicuously inconspicuousness inconspicuousness Inconstance inconstancies inconstancies inconstancies inconstancy inconstancy inconstancy inconstans inconstant inconstant inconstant inconstantly inconstantly inconstantly inconsultus inconsumable inconsumably Inconsummate Inconsumptible Incontaminate Incontentation incontestability incontestability Incontestability Clause Incontestability Clauses Incontestability Clauses incontestable incontestable incontestably incontestably Incontested incontestible Incontiguous incontinence incontinence incontinence incontinence Incontinence Episodes Per Day Incontinence Impact Questionnaire Incontinence impudicity incontinence of the feces incontinence of the feces incontinence of the feces incontinence of the feces incontinence of urine incontinence of urine incontinence of urine incontinence of urine Incontinence Quality of Life Incontinence Quality of Life Instrument Incontinence Screening Questionnaire Incontinence, Pelvic Floor and Prolapse, General Factors and Handicap incontinences incontinences

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.