Most life insurance policies have a period of time, starting as soon as the policy goes into effect, during which the insurer has the right to review your coverage for anything that you potentially misrepresented during the application process. This investigation period can delay payment or, in some cases, cause the claim to be denied altogether. For Fabric policies, the contestability period is two years.
That means that if the policyholder passes away within the first two years of his or her coverage, our insurance partner, Vantis Life Insurance Company, may take a closer look at the cause of death and any potential inconsistencies from your application. The investigation can confirm that the cause of death is covered and that the policyholder didn’t answer untruthfully on his or her initial insurance application.
After the contestability period, nearly all claims are approved without any additional investigation.