How Much Does Life Insurance Payout? 
Great question ! Let 's say you bought a $ 10,000 life insurance policy . The amount of the insurance policy that you purchased has a `` face value '' or `` death benefit '' of $ 10,000 . Assuming that you had made up to date payments , and never borrowed from the policy , your beneficiary should receive a check for $ 10,000 after all the paperwork has been filed . If you had borrowed $ 500 , let 's say , and the interest on it was $ 100 , then your check would be for $ 9,400 . If you have more questions , please feel free to contact me , I 'm happy to help ! Thanks for asking ! 