The part of a life insurance policy guaranteed to be true is called a(n)?

In the context of life insurance policies, a warranty refers to a statement or promise made by the policyholder that is guaranteed to be true. It is a fundamental component of the contract, as it assures the insurer of certain facts that must hold accurate for the policy to be valid. If a warranty proves to be false, it can lead to the denial of claims or the voiding of the policy.

This differs from a representation, which is a statement made by the applicant that is considered true to the best of their knowledge but not guaranteed. An endorsement typically refers to a change or modification to the insurance policy itself, while an exclusion outlines specific situations or circumstances where coverage does not apply. Understanding these definitions is crucial for recognizing the role warranties play in the overall integrity of a life insurance policy.