The contestable period is the period of time during which the insurance company may contest a claim on a policy because of incomplete or misleading information furnished with the application. Most policies have a contestable period of two years.
Many insurance companies determine your age as your age at your nearest birthday. As an example, if you were born on January 1,1968, your "insurance age" in 2008 would be age 40 up until June 30th, 2008. Thereafter, it would be age 41 until June 30th, 2011.
The date your policy is issued determines your
As it typically takes 30 - 90 days to approve a policy, the premium of your policy might differ slightly from your original quotes.
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