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What Is Face Value Of Life Insurance. Credit life insurance payments to. The cash value is often stated on the top sheet of the policy, hence the name face amount.
from venturebeat.com
The face value of a whole life insurance policy is also known as the death benefit of the policy. That amount is often the amount you choose when you apply for and purchase life insurance coverage. It is used for life insurance policies.
This event also cancels the life insurance policy. The definition of fair market value is “the price at which a willing buyer is willing to pay to a willing seller for a given good or service.”. This event also cancels the life insurance policy. The beneficiary receives both the cash value and the face value if you purchased a policy rider that calls for that.
