The amount stated in the policy as payable at death of the insured or at the maturity of the
contract. Also called "amount of insurance," "policy benefit," "face value."
The first page of a life insurance policy. The face page includes basic information identifying the
policy, such as the name of the insured, the policy owner and beneficiary, plan of insurance, amount
of premiums, and policy number.
A type of schedule in group insurance under which everyone is insured for the same benefits regardless
of salary, position or other circumstances.
Flexible Premium Annuity
A form of annuity policy which allows a person to invest as much as desired rather than paying level
This information should not be construed as legal advice or a legal opinion on any factual situation.
This summary is for illustrative purposes and is not a contract. It is intended to provide a general
overview, at the time first posted, of the topics described. Only the insurance policy can give actual
terms, conditions and exclusions.