Arkansas Life and Health Insurance Practice Exam

Life policies are incontestable after how many years?

1. 1

2. 2

3. 3

4. 4

The correct answer is: 2

Life policies are typically incontestable after two years. This means that after the policy has been in force for two years, the insurance company cannot contest the validity of the policy except in cases of non-payment of premiums. This rule is in place to provide certainty and protection to the policyholder, ensuring that their coverage cannot be called into question by the insurer after this time period has passed. Options A, C, and D are not correct because the standard incontestability period for life insurance policies is not one year, three years, or four years. The two-year mark is a widely accepted industry standard for incontestability provisions in life insurance policies.