Which provision ensures that a life insurance policy will not be contested after a specified period?

The provision that ensures a life insurance policy will not be contested after a specified period is the incontestability clause. This clause typically stipulates that after the policy has been in force for a certain number of years, usually two, the insurer cannot challenge the validity of the policy due to misstatements made by the insured on the application or any other grounds. The purpose of this provision is to provide security and peace of mind to policyholders, allowing them to feel confident that their beneficiaries will receive the benefits of the policy without the insurance company having the ability to question its validity after the specified period.

This provision encourages both the insurer and the insured to maintain accurate and honest information during the underwriting process. After the contestable period has expired, the insurer must honor the policy as long as premiums have been paid and the policy remains in force, promoting trust in the contractual agreement of life insurance.