What Does Misstatement of Age Provision Mean?

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What does Misstatement of Age Provision mean? Read on to discover the definition & meaning of the term Misstatement of Age Provision - to help you better understand the language used in insurance policies.

Misstatement of Age Provision

Misstatement of Age Provision

A provision in a life insurance policy that adjusts the amount of insurance when the insured's age was misstated on the application to the amount that the premium would have purchased at the correct age based on the insurer's rates at the date of policy issuance.

We hope the you have a better understanding of the meaning of Misstatement of Age Provision.

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