Question

after the incontestability period has passed, the insurer may not contest the policy except for : fraud misstatement of age suicide non payment of premiums if the insured commits suicide within the policys suicide period, the insurer will typically: pay the full death benefit deny the claim permanently refund premiums paid reduce the face amount which of the following is not a right of the policyowner? changing beneficiaries assigning the policy taking out policy loans changing the insured

Explanation:

1. For the first question: In insurance, after the incontestability period expires, insurers can only contest a policy for fraud, as other issues like age misstatement, suicide, or non-payment are either handled through adjustments or separate clauses, and not policy contestation post this period.
2. For the second question: Suicide clauses in life insurance typically state that if the insured dies by suicide within the specified period, the insurer will refund the premiums paid, rather than paying the full death benefit or permanently denying the claim.
3. For the third question: Policyowners have rights like changing beneficiaries, assigning the policy, and taking out policy loans, but they cannot change the insured on an existing individual life insurance policy, as the policy is underwritten based on the original insured's risk profile.

Answer:

1. Fraud
2. Refund premiums paid
3. Changing the insured