MLchartDataset catalogue

Face amount

Term · Insurance and risk management · MLC-T-INS-001441

The sum of money specified in a life insurance policy that the insurer pays to the beneficiary upon the death of the insured. This amount represents the primary coverage provided by the policy. It is distinct from the cash value, which accumulates over time in certain types of life insurance.

Table 1. Record
IdentifierMLC-T-INS-001441
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001441",
  "term": "Face amount",
  "field": "Insurance and risk management",
  "definition": "The sum of money specified in a life insurance policy that the insurer pays to the beneficiary upon the death of the insured. This amount represents the primary coverage provided by the policy. It is distinct from the cash value, which accumulates over time in certain types of life insurance.",
  "url": "https://mlchart.com/terminology/insurance/face-amount/"
}

Record 1,309 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.