Allowances for misstatement of age are given, and may be corrected without penalty at any time while the policy is in effect. (lifeinsurance.org)
Top Misstatement of Age Clause The insurance company bases decisions about your insurability and the cost of your premiums on your health, habits, and age. (insuranceindepth.com)
Misstatement of Age If the age of the insured is misstated and is not discovered until death of the insured, the insurance company has the contractual right to adjust the death benefit to reflect the face amount that would have been paid with the corrected age and actual premiums paid. (termland.com)