Question: Neal applies to Farm Insurance Company for a life insurance

Neal applies to Farm Insurance Company for a life insurance policy. On the application, Neal understates his age. Neal obtains the policy, bur for a lower premium than he would have had to pay had he disclosed his actual age. The policy includes an incontestability clause. Six years later, Neal dies. Can the insurer refuse payment? Why or why not?


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  • CreatedJune 18, 2014
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