Presented By: DRI's Life, Health and Disability Committee

The program explores issues surrounding rescission of a life policy.  It will discuss the below and more.

• Is a rescission by letter for a misrepresentation before the two year contestable clause expires valid? 
• Can the parties agree to mutually rescind? 
• Does the two year contestable period re-start after a lapse and reinstatement?  
• What happens when there is a suit within two years but the company answers after two years?
• Are there consequences where there is no medical exam before issuance?
• Can a company rescind after two years for fraud, lack of an insurable interest, estoppel or STOLI?
• What if the insured dies of a condition other than the one misrepresented?