Life Insurance Face Amount at Life

Life Insurance Face Amount. It’s the amount of death benefit purchased, which indicates the amount of money the policy will pay to the beneficiary or beneficiaries when the insured person dies. How does the face amount work?

Face amount is the gross total amount of cash quantified in an agreement or insurance policy. Affordable, flexible term life insurance at your pace. To clear things up, the face amount of typical life insurance is the total amount of money that is now agreed upon in a contract regarding the insurance policy.

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What is face value in life insurance? When a life insurance policy is identified by a dollar amount, this amount is the face value. To clear things up, the face amount of typical life insurance is the total amount of money that is now agreed upon in a contract regarding the insurance policy. In short, your face value is the amount of money your beneficiaries will receive from your insurance company at the time of your death.