Definitions for "Incontestable clause"
A section of a life insurance policy that states that after the policy has been in force for two years (in most states) the company cannot void the contract because of misrepresentation or concealment by the insured.
A life and health insurance policy provision that states that the insurance company may not contest payment of benefits (assuming premiums have been paid) after a specified period, usually one to three years after issue. This, in effect, gives the insurance company time to determine if there have been any misrepresentations made on the application.
A provision preventing the insurer from challenging coverage after a stipulated period of time has passed, generally two years.