What Is The Face Value Of A Life Insurance Policy?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The face value of a life insurance policy is what the policy would pay in the event of the insured person's death. In Term insurance, the face value is the amount that was put into effect when the policy was purchased. If Whole Life or Universal Life, it is the face amount minus any loans and interest charges, or minus any partial surrenders. You should order a current illustration to determine the exact face value of a permanent policy.
    Answered on June 19, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>