The money that the policy holder is entitled to if the policy is terminated is known as the face value.

Name: The money that the policy holder is entitled to if the policy is terminated is known as the face value.
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The money that the policyholder is entitled to if the policy is terminated is known as the cash surrender value, not the face value. The face value is the amount of coverage provided by the policy, payable upon the death of the insured or at the policy's maturity.

The Money That the Policy Holder Is Entitled to If