What Does Face Amount Mean?
What does Face Amount mean? Read on to discover the definition & meaning of the term Face Amount - to help you better understand the language used in insurance policies.
Face Amount
The principal amount of insurance provided at the time of issue by an insurance policy. The term derives from the fact that the amount of insurance is usually indicated on the first page or "face" of the policy.
We hope the you have a better understanding of the meaning of Face Amount.
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