What Is Life Insurance Face Value?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance face value is the death benefit paid by the life insurance policy. In Term life insurance, the face value is the amount of life insurance that was taken out. In Permanent life insurance that has cash value, the face value is, again, the amount of coverage purchased. Face value is not the same as cash value.
    Answered on July 13, 2013
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