Business, Legal & Accounting Glossary
The amount stated on an insurance policy, to be paid upon death or maturity.
n. the original amount due on a promissory note or insurance policy as stated therein, without calculating interest.
Linda was shocked when she found Frank’s life insurance policy in the safety deposit box and the face amount was over $1,000,000.
Jenn wanted some extra money to purchase a car, she cashed in an old life insurance policy that had matured so she could add the face amount to her funds.
When researching insurance policies, elect to enroll in one that will pay out not only the face amount upon death or maturity, but any earnings/interest as well.
airbag swap
death benefit
double indemnity
denomination
adjustable life insurance
adjustment provision
discount loan
cashier's check
accidental death benefit
principal paid over life of loan
face-amount certificate
face-amount certificate company
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Face Amount are sourced/syndicated and enhanced from:
This glossary post was last updated: 31st October, 2021 | 0 Views.