Does Life Insurance Have A Deductible? 
No . Life insurance does not have deductibles . When the insured individual dies , the insurance company pays out the face amount of the coverage to the beneficiary of the policy . Please note , if you have a permanent insurance program and the policyowner borrowed funds from the policy -LRB- creating a loan -RRB- and did not pay it back when the insured dies , the outstanding loan amount and any interest would be deducted from the payout and the difference would go to the beneficiary . I hope the information is helpful - please feel free to contact me for help with your program and if you have any other questions . Thanks very much . 