The question may be an inquiry on the net amount at risk, the difference between the death benefit and the accumulated cash values. That difference measures the net cost of insurance, the largest expense component, charged to the policy. The spread between the cash value and death benefit amount is dependent upon the performance of the policy and the current company charge for the annual cost of insurance.
The net cash value of life insurance is the amount of cash you would receive if you cancelled the policy. "Net" cash value is the total accumulated cash value minus any outstanding loans, surrender charges, etc.
The face amount is the amount of coverage you originally took out. The net cash value may or may not be the same as the face amount.
The face amount is the amount of coverage you originally took out. The net cash value may or may not be the same as the face amount.