If an insured misstates her age, then the insurer?

1)	cancels the policy as soon as the misstatement is discovered

2)	sues the insured for breach of contract

3)	recalculates the amount of insurance based on the insureds true age.

4)	withholds payments if the misstatement is discovered after the insured's death or rescinds the policy if the misstatement is discovered during the insured's lifetime