Special provisions can be applied, such as suicide clauses in the policy becomes null if the insured commits suicide within a certain time (usually after two years from date of purchase, and some states provide year statute suicide). Misrepresentation by the insured on the application is also grounds for revocation. Most states specify that the period of questioning can not be more than two years, only when the insured dies during this period that the insurer has the right to contest the claim based on misrepresentation and request additional information before making a decision to refuse payment or credit.
Nominal value of the value of the policy is a start, with u200b u200bpolityka pay after the death of the insured or the policy matures, although the actual death benefit can provide more or less than face value. Policy matures when the insured dies or reaches a certain age (for example, 100 years).
