What Does Face Amount Mean On A Life Insurance Policy

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The face value is the numerical worth of the life insurance policy. Although that amount is intended to be the paid when the insured dies, the final payout of a policy …

What Is Insurance Face Amount? : Insurance & Personal Finance FAQs For any life insurance policy, the face value is the death benefit.This is the stated dollar amount that the policy’s beneficiaries receive upon the death of the insured. In most cases, the face …

Face amount is the gross total amount of cash quantified in an agreement or insurance policy. It is used for life insurance policies. The cash value is often stated on …

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The face amount of the policy represents the face amount the policy is scheduled to pay out. In the case of a graded death benefit the policy will pay a reduced amount for the first 2 or three policy years before going to the actual face amount.

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