Sentences with phrase «fraud during the contestability period»

If the life insurance company detects fraud during the contestability period, your beneficiaries run the risk of not getting paid.

Not exact matches

During the first two years of the policy, known as the contestability period, the carrier can dispute a payout if there's suspected fraud.

First, a company can't choose to simply not pay out during the contestability period; they must have cause and evidence of fraud.