Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.4<br />
Life Insurance<br />
Incontestability Clause<br />
The incontestability clause:<br />
• Says that the insurer cannot cancel the<br />
policy if it has been in force for a<br />
specified period<br />
• Protects the beneficiaries from financial<br />
loss in the event that the insurance<br />
company refuses to meet the terms of the<br />
policy<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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