Question

In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured’s death is termed as?

Q: Answer-In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured...

Sum of money for which an insurance cover is obtained, usually shown on the top sheet face of the policy. In life insurance, face amount is the sum paid on the policys maturity date, on the death of the insured, or if the policy terms permit on his or her total disability