Meaning INCONTESTABILITY CLAUSE: Clause in a life insurance contract preventing the insurer from revoking the policy after it has been in force for a year or two if the life insurance company discovers any important facts that the policyholder may have concealed, such as experiencing a stroke
More terms such as Incontestability clause in Dictionary I.
- Definition Investment History:
- Examples The history of a member firm that establishes certain norms in respect of its investment practice incontestability clause definition.
- Definition In-Line:
- Examples of general equities. (1) An order or market in a specific security within the inside market; 2) any announcement (earnings) that adheres closely to Wall Street analysts' expectations incontestability clause explain.
- Definition Indirect Quote:
- Examples For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar incontestability clause what is.
- Definition Interest-Sensitive Insurance Policy:
- Examples A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation incontestability clause meaning.
- Definition Index Arbitrage:
- Examples investment/trading strategy that exploits divergences between actual and theoretical futures prices. An example is the simultaneous buying (selling) of stock index futures (i.e., S;P 500) while incontestability clause abbreviation.