6. Dotninie is single and in good health, He in thinking of purchasing a universal life insurance policy to meet his long-term savings objectives. Domitie is meeting with Gary, a life insurance agent, to complete an insurance application. Although Dominic smokes once in a while, he insisted on answering "no" to the question regarding smoking status. However, he is wortiod about what the insurance cormpany might do if they figure it out, and if they have the right to cancel the policy after it is in force. What will happen if the insurance company figures it out? Once the policy hai been in force for over 2 years, the insurance compony cannot unilaterally cancel the policy based on non-sickeses related marter. Even if Dommic did not amoke for the pait 12 months but starts moking during the contestability pariod, the insurance company can cancel the pe6ci If the insurancef policy is approved totday, the inturance company may still cancel the polley duritvg of after the contestability period