James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is Correct regarding the death benefit amount?
a) The death benefit will be reduced proportionately based on the misstated age
b) The death benefit will be increased proportionately based on the misstated age
c) The death benefit will remain unaffected by the misstatement of age
d) The death benefit will be forfeited due to the misstatement of age
