What is face amount in sunlife

Life Insurance Face Amount: PHP 350,000. Accidental Death Benefit (ADB) Face amount: PHP 350,000 (Know more about Supplemental Benefits) Premium Payment Period: Annually.

What is a face amount?

The face value of life insurance is the dollar amount equated to the worth of your policy. It can also be referred to as the death benefit or the face amount of life insurance. In all cases, life insurance face value is the amount of money given to the beneficiary when the policy expires.

What does it mean face value of life insurance?

The face amount, or face value, of a life insurance policy, is the amount of money an insurer will pay out to beneficiaries if the policyholder passes away. For example, if you buy a $100,000 life insurance policy, the face amount of that policy is $100,000.

What is minimum face amount life insurance?

The minimum death benefit that an investor may purchase through a variable-life contract.

Is face amount the same as cash value?

A permanent life insurance policy including whole life insurance and universal life insurance has a face value and a cash value, which are two distinct values. The face value is the death benefit. The policy owner's beneficiaries will receive this amount when he or she dies.