What is the consequence of misstatement of age if the insured is younger than stated?

When considering the consequence of a misstatement of age where the insured is younger than what was stated, the correct conclusion is that the benefits are increased. This adjustment occurs because insurance policies are typically based on the age of the insured individual at the time of application.

If the age is misstated and the insured is, in fact, younger than noted, the benefits payable under the policy are recalculated based on the correct age. Insurance premiums are usually lower for younger individuals, which means that if this individual had been correctly identified as younger, they might have been paying a lower premium reflective of that age group. As a result, upon discovering the misrepresentation, the insurer adjusts the benefits upward to match what would have been provided if the correct, younger age had been reported from the beginning.

This situation underscores the importance of accurate information in insurance policies, as it affects the level of coverage an individual receives.