When does the contestability period typically end?

• A. After two years of in-force policy
• B. After a claim is paid
• C. After the free-look period ends
• D. After a loan is obtained

Answer: (A)

The main idea here is that the contestability period is a window after the policy is issued during which the insurer can review the applicant’s statements and potentially challenge a claim if there were misstatements or material concealment. This period typically lasts two years from the issue date. Once those two years are up, the policy generally becomes incontestable, meaning the insurer can’t contest the contract based on misstatements in the application, with the usual exception being nonpayment of premiums. So, the end occurs after two years of the policy being in force. The other options don’t fit because a paid claim, the free-look period, or a loan event do not determine when contestability ends.