1. David RacichPRO
    Fountain Hills, Arizona
    The face value of a life insurance policy is the death benefit amount at issue and with certain life insurance policies the face amount can growth either by the increasing death benefit option or the cash values increasing to such as extent that the Defra corridor pushes up the face amount.
     
    Answered on July 1, 2013
  2. Peggy MacePRO
    President and Senior Agent, Outlook Life, Most of the U.S.
    The face amount of your life insurance policy is the amount your beneficiary would receive if you died, also called the death benefit. It is the amount of coverage you applied for, in Term insurance (as long as the Term was not decreasing Term, in which case the face amount would decrease over time). With permanent in insurance, the face amount might grow.
    Answered on July 1, 2013
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