What is the purpose of the incontestability clause in a life insurance policy?

• A. After a two-year period, the insurer cannot contest its validity based on misstatements, except for fraud or nonpayment
• B. The insurer can contest misstatements indefinitely
• C. It allows the policyowner to contest claims
• D. It voids the policy if misstatements are found within two years

Answer: (A)