1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    A life insurance payout is the amount of money paid out to the beneficiary upon the death of the insured person. The face amount of the policy (along with any increases, as may occur with Whole or Universal Life) determines the amount of the life insurance payout to the beneficiary.
    Answered on September 26, 2013
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