Lisa Smith has her age listed on her driver's license as being three years younger than it actually is.This is also how old she tells her insurance company she is.Her insurance company has discovered she lied about her age.What provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age?

Question

Quizplus · Accepted Answer

The provision that addresses lying about age is the misstatement of age provision. This provision allows the insurer to adjust benefits based on the premium that would have been paid if the correct age had been disclosed.

Lisa Smith Has Her Age Listed on Her Driver's License