Definitions for "incontestability clause"
A provision in a life insurance policy that prevents the insurer from revoking...
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.
prohibits an insurer from canceling a life or disability contract except for failure to pay premiums.