Which parts of a life insurance policy are guaranteed to be true

Among the guaranteed elements are policy benefits, premiums, values, credits, and charges that are guaranteed and determined at issue.

What is guaranteed in a whole life policy?

Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly-due premium payments. The policy includes a savings portion, called the cash value, alongside the death benefit. In the savings component, interest may accumulate on a tax-deferred basis.

What does a life insurance policy guarantee quizlet?

Life insurance guarantees to the beneficiary sum of money in the event of the insured's death.

What guarantees that statement supplied by an insurance applicant are true?

A warranty is a promise by the insurance applicant to do certain things or to satisfy certain requirements, or, it is a statement of fact that is attested by the insurance applicant. The warranty becomes part of the insurance contract.

Which of the following is guaranteed to be true and if untrue may breach an insurance contract?

What is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract? Warranty. A warranty in insurance is a statement guaranteed to be true. When an applicant is applying for an insurance contract, the statements he or she makes are generally not warranties but representations.