What Does Face Value On Life Insurance Mean?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThe face value of a life insurance policy is the death benefit amount at issue and with certain life insurance policies the face amount can growth either by the increasing death benefit option or the cash values increasing to such as extent that the Defra corridor pushes up the face amount.Answered on July 1, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.The face amount of your life insurance policy is the amount of coverage you bought when you purchased the policy, or the amount that someone else bought to insure your life. In Term insurance, the face amount is usually the same as the death benefit. With permanent in insurance, the face amount might grow, or it could be reduced by policy loans.Answered on July 1, 2013flag this answer
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