Life Insurance Face Amount?

What is the face amount of a life insurance policy?

The Face Amount of a Life Insurance Policy is the dollar amount of life insurance stated on the first page of the life insurance policy.

This is the amount of money that will be paid to your beneficiary in the case of your death, or the maturity of the policy.

The life insurance policy face amount does not include any additional amounts payable under accidental death or other special provisions, or proceeds acquired through the application of dividends.

You can use a life insurance needs calculator to help you figure out how much life insurance coverage you need to adequately protect your family.