If an insured's age was misstated on the application, the misstatement of age provision requires the insurer to:

Explanation

The misstatement of age (or sex) provision does not void the policy; instead, if the error is discovered, the benefit is adjusted to the amount the premiums actually paid would have bought at the insured's true age. The insurer does not rescind the coverage, refund all premiums, or double the premium. This provision keeps the insurer's risk consistent with the premium charged while preserving the policy for the insured.