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How much will the insurance company pay

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Reference no: EM133093512

On July 1 2022, Jessie purchased a $500,000 life insurance policy, which contained a standard incontestable clause. In attempts to get a lower premium for the policy. Jessie lied about her medical history. Jessie dies on October 31, 2025, without the insurer discovering the misrepresentation how much will the insurance company pay to her beneficiaries?

  • Whatever amount of premiums Jessie had paid as of Oct 31, 2025
  • $0
  • $500,000
  • $250,000

Reference no: EM133093512

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