asked 109k views
1 vote
Zeke purchased a life insurance policy 4 years ago. he inadvertently stated that he was 3 years younger than his actual age. if zeke dies today, how much will the insurance company pay

asked
User Ravindra
by
7.4k points

1 Answer

0 votes
It would be less than the policy face value. If the age of the covered was misstated when the policy was commenced, then the face value of the policy will be in sync to the amount that the funded premiums would have subscribed if the true age was given.
answered
User Ashwini Dhekane
by
7.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.