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Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Face Value


In life insurance, this is the amount of the initial death benefit stated in a term and permanent life policies as payable at the death of the insured. The amount is shown on the specifications page of a policy. Also known as Face Amount. See also Whole Life, Interest-Sensitive Whole Life and Universal Life.

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