What is the face value of life insurance?

Answer The face value of life insurance is the literal value placed upon the policy to be given to the recipient (beneficiary) upon the owner's (policy holder's) death. For a $1,000,000 life insurance pol... Read More »

Top Q&A For: What is the face value of life insurance

What is the face value of a life insurance policy?

Insurance collects premium payments from policyholders in exchange for financial payouts during emergencies. Of course, setting an actual value upon one's life is an intangible concept. In terms of... Read More »

Life Insurance: Face Value vs. Cash Value?

Cash value life insurance is permanent insurance. It pays a death benefit no matter how long you live, provided you keep the policy in force. Life insurance is unique among forms of insurance, in t... Read More »

What is the"face amount"in life insurance?

The face amount in life insurance is also called the face value of the policy. This is the amount paid to the beneficiary upon the death of the owner of the policy.Source:All Business: Life Insurance

Term Life Insurance Face Value Definition?

Term-life insurance is life insurance that strictly provides protection without the accumulation of any cash value over time. An attractive feature of term insurance is that it is usually the cheap... Read More »