Home > Glossary

Misstatement Of Age Provision

Misstatement of Age Provision

Definition

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.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free