How Much Does Life Insurance Payout? 
The amount of money paid out to the policy 's beneficiary is equal to the face amount cited in the policy -LRB- for permanent programs , less any outstanding loans or interest charges -RRB- . The carrier will pay the proceeds when a claim is made - a copy of the death certificate of the insured and a completed claim form will need to be submitted to the carrier . Once the paperwork is processed , the funds will be paid to the beneficiary . 