Which of the following statements pertaining to the optional misstatement of age provision is NOT correct?
A) If the age of the insured is misstated at the time of application, all amounts payable under the policy would be what the premiums paid would have purchased at the correct age.
B) If the insured actually was older at the time of application than shown in the policy, benefits would be reduced.
C) If the insured actually was older at the time of application than shown in the policy, the excess premiums paid would be refunded.
D) If the insured actually was younger at the time of application than shown in the policy, benefits would be increased.
Answer: C) If the insured actually was older at the time of application than shown in the policy, the excess premiums paid would be refunded.
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