L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers that L had understated her age on the application. Under the Misstatement of Age provision, the insurer will

L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer discovers that L had understated her age on the application. Under the Misstatement of Age provision, the insurer will



A - pay the death benefit in full

B - adjust the death benefit to an increased amount

C - deny the claim

D - adjust the death benefit to a reduced amount



Answer: D - adjust the death benefit to a reduced amount

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