After how many years are life insurance policies deemed incontestable?

Life insurance policies are deemed incontestable after two years from the date of issuance. This means that, after this period, the insurance company cannot void the policy or deny a claim based on misstatements, errors, or omissions made by the insured in the application, except in cases of fraud. This two-year period provides a safeguard for the policyholder, ensuring that as long as the premiums have been paid and the policy is in force, the insurer cannot dispute the validity of the contract based on information disclosed at the time of the application.

The two-year incontestability clause is a common standard in the insurance industry, promoting fairness and stability for consumers. It encourages individuals to obtain life insurance without the persistent fear that their claims could be denied due to minor errors or unintentional omissions in the application process after a significant amount of time has passed. Thus, this period reflects a balance between the rights of the insurer to investigate the application for accuracy and the rights of the insured to have peace of mind regarding their coverage.