This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam insurance exam.

In this episode you will learn:

• The mandatory two-year timeframe for the incontestability clause on the national insurance exam.

• Why the insurer cannot void a policy for material misrepresentation or fraud after the two-year period.

• The critical distinction between the incontestability clause and the misstatement of age or gender provision.

• How the burden of proof shifts to the insurer during the initial contestable period.

• The impact of policy reinstatement on the contestability clock and what information it covers.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep