What Amount Will Be Paid Under A Policy Where The Insured Misstated His/Her Age?

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What Amount Will Be Paid Under A Policy Where The Insured Misstated His/Her Age?

 Options:

  • A) The amount stated in the policy, only if the insured pays an additional premium
  • B) No adjustments will be made
  • C) An amount the premium would have purchased at the correct age
  • D) No amount will be paid because the insured misstated his/her age

The Correct Answer Is:

  • C) An amount the premium would have purchased at the correct age

Conclusion

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