Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

What prevents a life insurance policy from being rescinded by the insurer after being in force for two years?

Sagot :

dubeyshailja64

A life insurance policy that prevents being rescinded by the insurer after being in force for two years is an incontestability clause.

What is insurance?

Insurance is referred to protection or assurance given from any kind of damages that occurred with injury and accident by taking any policy from any institute by paying some premiums. This insurance helps the policyholder to to gain compensation for the damages occured.

An incontestability clause is a policy in a term life or health insurance policy that prohibits the insurance company from withdrawing the policy after the insurance has been in force for a specific amount of time, due to false assertions made on the policy application.

Learn more about insurance, here:

https://brainly.com/question/27822778

#SPJ1

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.