Noah purchased a life insurance policy 8 years ago. On the initial policy application, he inadvertently...

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Noah purchased a life insurance policy 8 years ago. On the initial policy application, he inadvertently stated that he was 1 year younger than his actual age. If Noah dies today, how much will the insurance company pay? O nothing, since there was a material misrepresentation on the application the full policy face value, since the incontestable period for the policy has expired O less than the policy face value more than the policy face value Noah purchased a life insurance policy 8 years ago. On the initial policy application, he inadvertently stated that he was 1 year younger than his actual age. If Noah dies today, how much will the insurance company pay? O nothing, since there was a material misrepresentation on the application the full policy face value, since the incontestable period for the policy has expired O less than the policy face value more than the policy face value

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The correct answer is Less than the policy ... View the full answer