Abner's age was misstated in his application for a $50,000 life policy. What will the company do when it discovers the error?
A) It will adjust either the premium rate or the amount of protection.
B) It will amend the application, but no additional premium can be charged.
C) It probably will void the policy.
D) It will do nothing because the policy cannot be altered in any way after it has been issued."
Ans: A) It will adjust either the premium rate or the amount of protection.
Business
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