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Definition Of Non-contestability Clause:


1. A provision in a person's will designed to stop beneficiaries from contesting the will.
The provision states that if beneficiaries try to contest the will, their potential inheritances will beeffectively redistributed to other beneficiaries. A provision in a life insurance policy designed to stop life insurance companies from refusing to pay out a claim toindividualsbecause offraud orerror. Courts have traditionally been very reluctant to recognize non-contestability clauses in wills, and despite the presence of these clauses, courts have allowed wills to be contested. Under the non-contestability clause in a life insurance policy, the life insurance company is given a one-time period in whichitcan contesta requestedpayout or claim.

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