The fact that a rule of law renders a promise voidable or unenforceable does not prevent it from being consideration.
This contradiction can be solved and the parties can be protected better when such contract is provided as voidable contract.
"This Policy shall be voidable in the event of misrepresentation, misdescription or non-disclosure made by the Insured or his representative in any material particular in respect of this insurance."
"a contract defective in some respect may be wholly void, in which case it has no legal effect at all, or be voidable, in which case it is valid and effective but contains a defect entitling one party to challenge it and have it set aside."
