Does Life Insurance Have A Deductible? 
The death benefit of a life insurance policy does not have a deductible . The proceeds will be somewhat different from the face amount . The policy could have an outstanding loan and that amount would be deducted . There might be additions that would increase the death benefit . There might be unearned premium and there is almost always a delay and the company is obliged to pay interest on the money until it is issued in check form . 