What is the term for the part of a life insurance policy that is guaranteed to be true?

The term that best describes the part of a life insurance policy that is guaranteed to be true is "Warranty." In the context of insurance, a warranty is a specific statement or promise made by the policyholder that must be absolutely true in all respects. If a warranty is found to be untrue, it can lead to the voiding of the policy or the denial of a claim, regardless of whether the untruth was intentional or unintentional. This highlights its importance in the contractual agreement between the insurer and the insured.

The concept of a warranty is distinct from representations, which are statements made by the policyholder that the insurer considers to be true to the best of the policyholder's knowledge. While representations are expected to be honest, they do not carry the same level of guarantee as warranties. Additionally, a contractual obligation refers to the responsibilities of both parties under the policy and does not specifically highlight the guarantee aspect. Conditions refer to specific provisions within the policy that dictate the responsibilities attached to the contract but do not serve as a guarantee of truth in the same way that warranties do.