What Is Face Value Of Life Insurance? 
The face value -LRB- face amount -RRB- of life insurance is the amount of the proceeds to be paid out when the insured of a policy dies . If you have a term insurance policy , this proceed amount to be paid to the beneficiary is equal to the face amount . If you have a permanent life insurance policy with cash value , the proceeds to be paid out will be the face amount less any loans against the policy . 