The face amount of a life insurance policy is the original dollar amount of life insurance protection or coverage for which the policy was taken out.

The face amount of life insurance is also the amount of money that is paid to the beneficiary or insured (if the policy matures), minus any loans, or increased by any values stated in the contract.

The face amount of a life insurance policy is the amount of money your beneficiary will receive upon the death of the insured perso...