The Contestability Period is a time frame, typically the first two years after a life insurance policy is issued, during which the insurance company can investigate the accuracy of information provided by the insured. If there’s any misrepresentation or fraud, the insurer can deny the death benefit or adjust it.
This period protects the insurance company from claims based on inaccurate or withheld information. Once it ends, the policy generally becomes incontestable, meaning the insurer must pay the death benefit regardless of the insured’s medical history.