What is the incontestability period for a policy?

• A. 1 year
• B. 2 years from date of issue
• C. 3 years
• D. 5 years

Answer: (B)

The key idea is the period during which an insurer can challenge the validity of a policy based on misstatements in the application. This window is set so the insured isn’t at risk of losing coverage years after purchase due to small or honest mistakes. For health and accident policies, the standard incontestability period is two years from the issue date. After that time, the policy is generally incontestable, meaning the insurer can’t void or deny coverage on the basis of misstatements, except for issues like nonpayment of premiums or fraud. The other durations provided (one year, three years, five years) aren’t the typical period defined in these policies.