What Is the Face Value of a Life Insurance Policy?
The face value of a life insurance policy is the amount of death benefit you purchase when you take out the policy, and it’s a primary factor in determining the amount of premium you pay. The face value is stated in the policy documents, and it often, but not always, stays the same as the death benefit throughout the life of the policy.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: MARK CUSSEN
Original Article Posted on: April 22, 2021
Link to Original Article: https://www.thebalance.com/what-is-the-face-value-of-a-life-insurance-policy-5180058