If the insured misrepresented his or her health on the insurance application, what is the result when the insured dies and his or her beneficiary seeks payment?
A) The beneficiary will not receive payment because the policy is void.
B) The beneficiary will not receive payment because the insured breached the contract.
C) The beneficiary will receive the full amount of payment.
D) The beneficiary will receive an adjusted payment to reflect premiums for the correct health.
E) The beneficiary will receive an adjusted payment to reflect the insurer's damages.
Correct Answer:
Verified
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