What is likely to happen if Andrew inaccurately states his age on a life insurance application?

When an individual inaccurately states their age on a life insurance application, it can significantly affect the terms of the policy, particularly the benefits. In this situation, the insurer is likely to adjust the benefits based on the correct age of the applicant. Insurance premiums and benefit amounts are often calculated based on age, since younger applicants typically pose a lower risk to the insurer.

If the insurer discovers that the stated age does not match the actual age, they will reassess the policy's terms. For example, if Andrew understated his age, the policy may reflect lower premiums than what he should be paying, resulting in a potential decrease in benefits. Conversely, if he overstated his age, he might face higher premiums with lower benefits. The insurer's response typically focuses on adjusting the policy rather than cancelation, reissuance, or requiring additional documentation, making adjusting the benefits the most appropriate consequence of an inaccurate age statement.