A provision in an insurance policy setting forth the conditions under which, or the period of time during which the insurer may contest or void the policy. After that time has lapsed, normally two years, the policy cannot be contested.
Facebook
Linked In
Instagram
Contact Us
News
Calculators
Resource Center
Term Insurance
The type of Life Insurance policy that provides protection only for a specified period of time. A common policy period would be one year, five years, 10 years, or until the insured reaches age 65 or 70. It does not build up any of the non-forfeiture values associated with Whole Life policies. Contrast with Whole Life Insurance.