Incontestability Clause

Incontestability Clause
A clause in most life insurance policies that prevents the provider from voiding coverage due to a misstatement by the insured after a specific amount of time has passed. A typical incontestability clause specifies that a contract will not be voidable after two or three years due to a misstatement.

Incontestability clauses help protect insured people from firms who may try to avoid paying benefits in the event of a claim. While this provision benefits the insured, one must note that it does not protect against outright fraud. Lying to an insurance company with an intention to deceive can result in the cancellation of coverage or even criminal charges.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • incontestability clause — in·con·tes·ta·bil·i·ty clause /ˌin kən ˌtes tə bi lə tē / n: a clause in an insurance policy that forbids the insurer from disputing the policy (as on the ground that the insured made false statements) after a set period of time Merriam Webster’s …   Law dictionary

  • 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… …   Financial and business terms

  • incontestability clause — a clause in a life insurance or health insurance policy stating that the insurer cannot contest the policy after a stated period of time. * * * …   Universalium

  • incontestability clause — A clause in a life or health insurance policy providing that after the policy has been in force for a given length of time (e.g. two or three years) the insurer shall not be able to contest it as to statements contained in the application; and,… …   Black's law dictionary

  • incontestability clause — A clause in a life or health insurance policy providing that after the policy has been in force for a given length of time (e.g. two or three years) the insurer shall not be able to contest it as to statements contained in the application; and,… …   Black's law dictionary

  • incontestability clause — a clause in a life insurance or health insurance policy stating that the insurer cannot contest the policy after a stated period of time …   Useful english dictionary

  • incontestability — I noun impregnability, incontrovertibility, indefeasibility, indisputability, indubitableness, irrefragibility, irrefutability, unassailability, undeniability, unequivocal n ess, unimpeachability, unquestionability, unrefutability associated… …   Law dictionary

  • non-contestability clause — Clause in insurance policy that precludes insurer from contesting policy on basis of fraud or mistake after a specified period of time (e.g., two years) when insured has acted thereon to his detriment by payments of premiums and foregoing other… …   Black's law dictionary

  • non-contestability clause — Clause in insurance policy that precludes insurer from contesting policy on basis of fraud or mistake after a specified period of time (e.g., two years) when insured has acted thereon to his detriment by payments of premiums and foregoing other… …   Black's law dictionary

  • incontestable clause — See incontestability provision …   Ballentine's law dictionary

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