Why will the insurer probably not be able to cancel Jerry's life insurance policy after his death, despite premium payments being forwarded through an agent?

The concept of estoppel is crucial in understanding why Jerry's life insurance policy cannot be canceled after his death, even if premium payments were made through an agent. Estoppel occurs when a party is prevented from asserting a claim or right because of their previous statements or actions that led another party to reasonably rely on those representations.

In the context of insurance, once the insurer accepts the premium payments and continues coverage, it creates a situation where the insurer cannot later claim that the policy is invalid or canceled based on the reliance that the insured party and their beneficiaries have placed on the validity of the policy. Jerry's death solidifies the expectation that the insurance should pay out benefits, and since the insurer accepted the payments, it has created reliance that must be honored.

The other options, while relevant in different contexts, do not apply here in the same way. Legal age requirements would pertain to the individual at the time of policy issuance. The principle of insurable interest relates to whether the policyholder has a legitimate interest in the insured's life but does not negate the obligations once a valid contract is established. Mutual consent implies agreement between parties and does not factor into a situation where one party has passed away and the contract has already been executed.