James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?

Insurance

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James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?

Options

a) The original face amount will be paid to the beneficiary
b) The policy will be voided with no death benefits paid
c) The death benefit paid will be what the premium would have purchased at the correct age
d) The amount of premiums paid will be returned with interest

Answer: c) The death benefit paid will be what the premium would have purchased at the correct age

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