• What do you think is the most important type of insurance to have? Why?Or do you feel insurance is unnecessary?Why?
• The normal rule is that life insurance policies are incontestable after a specified period of time, usually one or two years. This means that the insurance company cannot contest the validity of the policy for any reason except nonpayment of premiums. Is this a rule that encourages people to take out insurance policies and hide facts from the insurance company until the policies are incontestable? Although hiding a fact that would otherwise invalidate an insurance policy might not end up invalidating the policy, is it ethical? What is the reason for this rule?