Fred bought life insurance five years ago. He forgot to tell them that he had a heart condition, and, as a result of that condition, he recently died. Which of the following provisions prevents the life insurance company from refusing to pay his beneficiaries because of his original fraudulent misrepresentation?
a. Incontestability clause
b. Misstatement of age provision
c. Naming a beneficiary
d. Policy reinstatement
e. The grace period

The answer, in this case, would be option a. or Incontestability clause.

Explanation:

In the context of life insurance provision, incontestability clause basically refers to the prevention of the denial of insurance service by the insurer on ground of falsification or fraudulent misrepresentation of relevant fact or information in the insurance application.Incontestability clause is officially applicable following the effective implementation of the insurance policy at least for a particular time period, which is usually considered to be two to three years.The clause is commonly applicable in the case of life and health or medical insurance policies.

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