In Virginia, once a life insurance policy has been in force for how many years does it become incontestable?

In Virginia, a life insurance policy becomes incontestable after it has been in force for two years. This means that, after this period, the insurer cannot contest the validity of the policy based on misstatements or omissions made by the insured in the application. This provision is designed to protect policyholders from the risk of the insurer denying claims years after the policy has been issued, thereby providing stability and peace of mind for insured individuals and their beneficiaries.

The two-year incontestability clause is standard in many jurisdictions, reinforcing the idea that after a reasonable period, the insurer must accept the policy as valid without the risk of retroactive cancellations due to earlier misrepresentations. While options representing shorter or longer periods may seem plausible, they do not align with the established regulatory framework that governs life insurance policies in Virginia, which clearly stipulates this two-year timeframe.