What Is The Face Value Of A Whole Life Insurance Policy? 
The face value of a Whole Life insurance policy is the amount of coverage that was purchased . It differs from the cash value , which is the amount of cash that has built up inside the policy . If the policy is surrendered , the cash value -LRB- minus any fees -RRB- would be collected . If death occurred , the face amount -LRB- adjusted by loans , fees , dividends , etc -RRB- would be collected . 