What does Face of Policy mean? Read on to discover the definition & meaning of the term Face of Policy - to help you better understand the language used in insurance policies.
Face of Policy
Face of policy refers to the amount of coverage the insured pays for in an insurance policy. Because this figure is often included on the policy's top sheet or face, it is often referred to as the policy's face value. In terms of life insurance, it refers to the amount the policyholder would receive upon the insured's death or the death benefit.
We hope the you have a better understanding of the meaning of Face of Policy.