MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis

MissouriFamilies.org - Money Matters - Consumer Action

 

Finance Quick Answers

 

 

What is a period of contestability on a life insurance policy?

 
A period of contestability is specified as a rider to a life insurance policy. It limits the amount of time that the company has to contest the basis on which they issued the policy. If you provide inaccurate information, in other words, the company has a limited time period to contest it and cancel the policy because of it.

 

 

Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia

 

 

 

 

 

 

 

 

 

 

 

 

 

If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at http://cdis.missouri.edu/CourseInfo/DetailCourseInfo.asp?1985.

 

 

 

 

Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base

Last update: Monday, July 21, 2008

 

 

 


 
University of Missouri logo links to http://extension.missouri.edu

Site Administrator:
mofamweb@missouri.edu 
Copyright  ADA  Equal Opportunity


MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia