Face Amount
Insurance Glossary
The amount of life insurance stated on the policy, which is the death benefit before any adjustments are applied. Policy loans, unpaid premiums and accelerated benefits already drawn are subtracted from it, so the amount a beneficiary receives can be less than the figure on the contract. On some permanent policies the amount payable is the face amount plus accumulated cash value rather than the face amount alone, depending on which death benefit option was selected.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.