What occurs if the age of the insured is misstated in Delaware?

When the age of the insured is misstated on a life insurance policy in Delaware, the benefits are adjusted based on the correct age. This means that if the insured's actual age is different from what was recorded at the time of application, the insurance company will calculate the policy benefits using the accurate age information.

This adjustment is crucial because life insurance premiums are often determined by the age of the insured at the time the policy is issued. If the insured is older than stated, the benefits may be reduced to reflect what would have been appropriate premiums based on the correct age. Conversely, if the insured is younger than stated, the benefits may be increased.

It is a standard practice in the insurance industry to handle age misstatements in this way, ensuring that the policy remains enforceable and that there are no disputes regarding the death benefit amount that will be paid in the event of a claim.