How Much Do You Get From Life Insurance? 
Depends on what the face amount of the policy is . If the life insurance is for $ 500,000 of coverage , the carrier pays out $ 500,000 to the beneficiary when the insured dies , income tax-free . If you have permanent coverage with cash value and there 's a loan on the policy , the carrier will take out the loan amount and any interest to be paid from the proceeds payout and give the balance to the beneficiary . 