Disposiciones de Pólizas de VidaPregunta 327 de 716
The incontestability provision in a life insurance policy provides that after the policy has been in force for a stated period (typically two years), the insurer:
a.Can never void the policy or deny a claim over a misstatement on the application, except in cases of fraud where allowed by law
b.Must double the death benefit at the end of that period, as a reward for the continuous payment of premiums
c.May cancel the policy at any time and for any reason, since the clause limits only outright claim denials
d.May raise the premium to reflect the insured's current state of health at each anniversary, but may no longer rescind the contract
Explicación
The incontestability clause bars the insurer from contesting the policy (voiding it or denying a claim) based on misstatements in the application once it has been in force for the contestable period, usually two years, giving beneficiaries certainty. It does not let the insurer cancel at will, nor does it increase the death benefit or permit premium increases based on health. Its purpose is to protect the insured/beneficiary from having a long-standing policy challenged over an old application error.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)