Does Life Insurance Have A Deductible? 
The amount that is paid to a patient by their health insurance policy depends on the cost of the care they received while sick . If the patient is willing to pay a large deductible , the insurance policy does not have to pay out as much . This , in turn , lowers their policy premium . The death benefit of a life insurance policy is not dependent on the expenses surrounding the death of the insured . The policy owner selects the face amount , and that is what is paid to their beneficiary . If they want to pay less premium , they simply choose a smaller face amount . 