Effects of stating wrong or false facts to insurer

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Reference no: EM1363963

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 take if the misstatement is found out after Buster dies?

Reference no: EM1363963

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