In the absence of accidental death benefits the face amount of the policy less outstanding loans is the amount paid out at death.

Question

Quizplus · Accepted Answer

In the absence of accidental death benefits, the face amount of the policy less outstanding loans is the amount paid out at death. This means that if the policyholder dies, the beneficiary will receive the face amount of the policy, minus any outstanding loans that have not been repaid.

In the Absence of Accidental Death Benefits the Face Amount