The face value of an insurance policy is the amount of protection provided by the policy in the event of a loss.

Name: The face value of an insurance policy is the amount of protection provided by the policy in the event of a loss.
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Question

The face value of an insurance policy is the amount of protection provided by the policy in the event of a loss.​

Quizplus · Accepted Answer

The face value of an insurance policy is indeed the amount that is paid out to beneficiaries or to the policyholder under the terms of the policy in the event of a qualifying loss, such as death in the case of life insurance.

The Face Value of an Insurance Policy Is the Amount