What are the risks at this point? As i understand it, past 2 yrs the policy cannot be canceled.How about, if the life ins company finds out can they charge with fraudanyway, to teach the guy a lesson, even if they have to pay on the policy?Other risksA policy can always be rescinded for material misrepresentation or fraud. If a claim ensues, it is more likely to be tried in court.(On a, pretty irrelevant, side note, 2 of one of my auto insureds' brothers were once found stripping their sister's insured vehicle in a remote field. The insurer refused to drop the claim at the insured's request, paid the claim and prosecuted her brothers.) The common 2-year contestable period in life insurance contracts most commonly applies to suicide, but can also be applied to age and sex misstatements.Bob
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