Are you looking for the correct answer to the question “When purchasing a health insurance policy, E stated that he was 39 years old and in good health, that no men in his family had had a heart attack before age 50, and that he had never smoked. E died of a heart attack four years later, and the insurance company discovered that he was adopted and one year older than he’d thought. Which of the following is correct?”? 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.
When purchasing a health insurance policy, E stated that he was 39 years old and in good health, that no men in his family had had a heart attack before age 50, and that he had never smoked. E died of a heart attack four years later, and the insurance company discovered that he was adopted and one year older than he’d thought. Which of the following is correct?
Options
a. E’s misstatement of age constitutes fraud, making the policy invalid. The insurance company will therefore not pay for costs associated with E’s heart attack.
b. The insurer will pay claims associated with the heart attack, up to policy limits and minus any extra premium charge for the correct age for the length of time the policy was in force.
c. E’s statement that none of the men in his family had a heart attack before age 50 was a warranty.
d. If E had purchased a 5-year term policy with a guaranteed renewability provision, the family would automatically receive the death benefit without the estate going through probate.
Answer: B
The above question When purchasing a health insurance policy, E stated that he was 39 years old and in good health, that no men in his family had had a heart attack before age 50, and that he had never smoked. E died of a heart attack four years later, and the insurance company discovered that he was adopted and one year older than he’d thought. Which of the following is correct?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
