AXA and LifeSearch pilot non-contestability option

The two-year clause, which has been available since the end of 2007, means AXA is unable to throw out a valid claim after that period except in the case of fraud. Life insurance broker LifeSearch is piloting the option, which comes as standard in the US, to clients in partnership with AXA to test its popularity. The issue has sparked controversy after the Law Commission proposed last July to introduce a five-year option into protection policies. The Commission says the proposal could help remove accidental non-disclosure and boost consumer trust in protection. But critics argue the ...