Definition of "Face Amount"

The amount stated on the face of a life insurance policy that will be paid in the case of death or policy maturity. It does not include additional amounts payable under accidental death or other special provisions or riders.

The amount stated on the face of the term life insurance policy that will be rewarded in case of death. It does not include further amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends.

The amount of insurance provided by the policy at death or maturity. Also see Life Product Comparison.

The initial death benefit payable on your life insurance policy, as indicated on the face page. Note that this is not necessarily the same as the actual death benefit payable. The death benefit may be higher if dividends were used to purchase additional coverage; it can be lower if loans against the policy were taken and were not re-paid.

The dollar amount to be paid to the beneficiary when the insured dies. It does not include other amounts that may be paid from insurance purchased with dividends or any policy riders.