Which part of a life insurance policy is guaranteed to be true and enforceable?

In the context of a life insurance policy, a warranty is a specific type of statement or condition that the insurer and the insured agree upon as being true and must be upheld. Warranties typically concern critical aspects of the risk being insured, such as the health status of the insured, and they are considered to be permanent and enforceable promises. If a warranty is found to be false or misrepresented, it can lead to the voiding of the policy.

In contrast, conditions, disclosures, and exclusions play different roles in the policy. Conditions refer to obligations that need to be met by both parties, disclosures are typically requirements for the policyholder to provide accurate information, and exclusions outline circumstances under which coverage would not apply. While these elements are important to the enforceability of the policy, they do not carry the same level of guarantee as warranties do, nor are they guaranteed to be true in the same enforceable manner. This distinction is key to understanding the foundational aspects of insurance contracts.