How Long Does It Take To Pay Out On A Contested Life Insurance Policy? 
The life insurance company can take enough time to make sure that the answers given were not materially misstated . In other words they have the right to not pay out if the answers given on the application had they been correct would have kept them from issuing the policy in the first place . If the insured had indicated an incorrect eye color , this would not have been material , but if they had failed to list a heart condition this would have been a misstatement that would cause them to deny the claim . The time it will take will depend on the company . 