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Incontestability |
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| With a new policy, the client must also meet the requirements of new incontestability clauses. The requirements for insurance issuers relate to application forms, reporting requirements, marketing, appropriateness of purchase, format, shopper's guide, right to return, outline of coverage, group plans, policy summary, monthly reports on accelerated death benefits, and incontestability period. An anticontest provision in a pour-over will may be combined with a revocable trust to reinforce the privacy and incontestability afforded by the trust. |
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