What is a contestability period in life insurance policies?
standard contestability period under Ontario law is 2 years. This
means that once the policy is in force for a period of greater
than 2 years, it can only be cancelled or voided in the event of a
fraudulent misrepresentation. If the death occurs within the first 2
years, a simple error in answering the questions on the application for
the life insurance can result in the claim being
denied and the policy being rescinded. It is important to have the
specific facts in every case reviewed by an experienced lawyer in life
insurance claims to determine whether a claim denial has been properly
made by the insurance company.
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This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut
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