If an insured’s age on a life insurance policy has been misstated, what is the insurer’s liability if the insured dies?

Insurance

Are you looking for the correct answer to the question “If an insured’s age on a life insurance policy has been misstated, what is the insurer’s liability if the insured dies?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.

If an insured’s age on a life insurance policy has been misstated, what is the insurer’s liability if the insured dies?

Options

a) No death benefit is owed because of the misstatement of age
b) The full original death benefit listed on the policy
c) A prorated death benefit based on the amount of insurance the insured’s premiums would have been if purchased at the correct age
d) The original death benefit listed on the policy minus any outstanding loans and interest

Answer: c) A prorated death benefit based on the amount of insurance the insured’s premiums would have been if purchased at the correct age

The above question If an insured’s age on a life insurance policy has been misstated, what is the insurer’s liability if the insured dies?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.