Life Insurance Question About Face Amount and Death Benefit

Is the face amount the same as the death benefit for a term life insurance policy? The face amount is the sum of the insurance provided by a term life insurance policy at death. This is the same as the death benefit, which is the amount payable stated in a life insurance policy, upon the death of the insured person. The death benefit is usually the face value of the policy plus any riders,less any outstanding loans and the interest accrued on the loans.

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