43. Please answer this.

When Tom applied for a $50,000 whole life policy, his age was entered on the application as 30. Tom paid the premium for three years then died in an accident. When the beneficiary submitted the claim, the insurer discovered that Tom was actually 35 years old at the time of application. Which of the following actions will the insurer likely take, given the error in age? Pay the death benefit based on the amount of insurance it would have provided to a 35-year old male at the premium that Tom had been paying Pay the $50,000 death benefit because it discovered the misrepresentation after the contestable period O Pay the $50,000 death benefit less an amount equal to the difference in premiums that should have been paid and the premiums actually paid Pay the $50,000 death benefit less an amount equal to the difference in cash values between the policy as issued and the policy as it should have been issued