What Is Life Insurance Volume?

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    Peggy Mace
    Most of the U.S.
    The term, Life Insurance Volume, is usually used with Group Life Insurance that is provided by the employer at the workplace. Life Insurance Volume refers to the face amount of the policy. It is often calculated as a factor of the employee's salary. E.g. the employee might receive 2 times their annual salary of life insurance coverage, meaning that if the employee died, their beneficiary would receive a death benefit equal to double their annual salary.
    Answered on July 10, 2013
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