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The feature of a disability policy that causes the benefit to increase each year based on the rise in the consumer price index or another

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The feature of a disability policy that causes the benefit to increase each year based on the rise in the consumer price index or another inflation measure is the standard of living adjustment cost of living adjustment O CPI adjustment Oreal purchasing power adjustment none of the above Question 6 2 pts In the event that your spouse obtained a $200,000 life insurance policy at his/her true age 25 and after his/her death (at age 50) it was discovered that the age that your spouse had originally stated on the application was 23. Assuming you are the beneficiary, how would the benefit payment to you be handled? You would receive the full $200,000 benefit minus the addition premium owed because of insufficient premiums paid over the life of the policy. Because of the incontestability clause, you would receive the full $200,000 An adjustment to the benefit would be made to reflect the amount that the prior years' premium payments would have purchased if the correct age had been known. The benefit amount received by you would be an amount less than $200,000 An adjustment to the benefit would be made to reflect the amount that the prior years' premium payments would have purchased if the correct age had been known. The benefit amount received by you would be an amount more than $200,000. Because of a misstatement of fact, the policy would be null and void and you would not receive any of the $200.000 death benefit

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