When an insured purchased her disability income policy, she misstated her age to the agent. She told the agent that she was 30 years old, when in fact, she was 37. If the policy contains the optional misstatement of age provision (Choose from the following options) 1. The elimination period will be extended 6 months for each year of age misstatement.
2. Because the misstatement occurred more than 2 years ago, it has no effect.
3. Amounts payable under the policy will reflect the insured's correct age.
4. The contract will be deemed void because of the misstatement of age.