Exam term
Misstatement of age
A standard policy provision requiring the death benefit to be adjusted to what the premiums paid would have purchased at the insured's correct age, if the age was stated incorrectly on the application.
Lessons that use this term
- Mandatory provisions III: physical exam, legal actions, and beneficiary/occupation changes Florida
- Dividends, incontestability, assignment, suicide, and accelerated death benefits New York
- New York required life policy provisions: misstatement of age, statements of the applicant, and proof of death (Ins. Law 3203-3204) New York
- New York required annuity contract provisions (Ins. Law 3219, 4220, 4223) New York
- Interest- and market-sensitive life products Texas
- Individual life policy provisions, free look, and grace period Texas