When an ordinary life insurance policy becomes payable as a death claim, the beneficiary is entitled to the:

Question

Quizplus · Accepted Answer

When an ordinary life insurance policy becomes payable as a death claim, the beneficiary is entitled to the face amount, which is the death benefit amount specified in the policy. The cash surrender value and reserve value are relevant to policies with cash values, while the face amount plus cash value is not a common payment option for a death claim.

When an Ordinary Life Insurance Policy Becomes Payable as a Death