Question

After a life insurance policy is sold in MASS and has been in force for ____ year(s), it becomes incontestable.

A) 1
B) 2
C) 3
D) 5

Answer 1

A life insurance policy in Massachusetts becomes incontestable after it has been in force for 2 years, making Option B) 2 the correct answer.

Step-by-step explanation:

The subject of this question is related to life insurance policies and their contestability period in the state of Massachusetts. Specifically, we need to determine the incontestability period after which a life insurance policy cannot be contested by the insurance company for misrepresentation or fraud.

In the state of Massachusetts, the correct answer to this question is that a life insurance policy becomes incontestable after it has been in force for 2 years. Therefore, Option B) 2 is the correct answer. This means that once a life insurance policy has been active for two years, the insurer generally cannot contest the policy's validity, even if there were misstatements or omissions in the application.