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What will an insurer do if it learns that an applicant misstated his or her age on a life insurance application?

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Question 1.

1. What will an insurer do if it learns that an applicant misstated his or her age on a life insurance application? Buster Brow knowingly tells the insurer his age is 28 when he is actually 38. What effect will this lie have on his insurance contract? What action should the insurer if the misstatement is found out after Buster dies?

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Question 1.
1. What will an insurer do if it learns that an applicant misstated his or her age on a life insurance application? Buster Brow knowingly tells the insurer his age is 28 when he is actually 38. What effect will this lie have on his insurance contract? What action should the insurer if the misstatement is found out after Buster dies?

1 APA Reference

Buster has committed insurance fraud by falsifying his age on the insurance application. The insurance company cannot take recourse against Buster, since ...

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