How long is the contestability period for life insurance policies in Florida?

The contestability period for life insurance policies in Florida is set at two years. This period allows insurers to investigate and contest claims based on misrepresentations or omissions in the application for insurance. During these initial two years after the policy is issued, if the insurer discovers any false statements or material misrepresentations, they may deny a claim or rescind the policy. This policy period is designed to protect consumers while also ensuring that insurance companies have a reasonable timeframe to assess the validity of the policy and the information provided. After this two-year period, the policy generally cannot be contested, provided that premiums are paid and the policy remains in force. This ensures a balance between consumer protection and the insurer's right to assess risk at the inception of the policy.