What is the typical period for misrepresentation in policy terms?

• A. 2 years
• B. 1 year
• C. 3 years
• D. 5 years

Answer: (A)

In life insurance, the period during which the insurer can challenge information on the application is called the contestability window. The typical length of this window is two years from the policy issue date. Within this two-year period, a material misrepresentation or concealment can be used to void or rescind the policy or deny a claim. After the window closes, the policy generally remains in force even if later the insurer discovers a misstatement, unless the misstatement was fraudulent, in which case the insurer can still void the contract. So, two years is the standard period the exam is testing for misrepresentation.