Lisa Smith Has Her Age Listed on Her Driver's License

Lisa Smith has her age listed on her driver's license as being three years younger than it actually is.This is also how old she tells her insurance company she is.Her insurance company has discovered she lied about her age.What provision of her life insurance contract states that her benefits will be what her premium would have bought if she had been truthful about her age?

A) policy loan
B) misstatement of age
C) cost-of-living protection
D) guaranteed insurability
E) grace period

Correct Answer:

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