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Life Insurance Learning Center - Contract Provisions

Life Insurance Contract Provisions

Life insurance contract provisions are important in life insurance policies. They are provisions that insurance policies are required to follow. These are regulated by the state. Some of the following are standard provisions, which are evident in all life insurance policies.

Some of the more common ones are:

1. Grace Period
2. Incontestable Clause
3. Entire Contract Clause
4. Misstatement of Age Clause
5. Suicide Clause
6. War Clause
7. Policy Change Clause
8. Double Indemnity Clause
9. Payer Benefit Clause

Use the chart to the right to help you sort out some of the different provisions.

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