What Can Void Life Insurance? 
The first two years of a life insurance policy are called the contestible period . During these two years , if death occurs , the insurance company will likely review the life insurance application to make sure everything was answered in a forthright and correct manner . If the applicant lied about something on the application , or withheld some important facts , the life insurance may become void , although the premium is usually returned . Also , suicide during the first two years will void a life insurance payout . 