Face Amount in an Indexed Universal Life insurance policy refers to the guaranteed minimum death benefit that will be paid to the beneficiaries upon the policyholder's demise. It is the initial coverage amount selected by the policyholder at the time of purchasing the IUL policy.
Face Amount in an Indexed Universal Life insurance policy refers to the guaranteed minimum death benefit that will be paid to the beneficiaries upon the policyholder's demise. It is the initial coverage amount selected by the policyholder at the time of purchasing the IUL policy.
The Face Amount can potentially increase over time if the cash value within the policy, which is linked to a stock market index, performs well. However, regardless of market performance, the beneficiaries are assured to receive at least the stated Face Amount.
Also, policyholders may have the flexibility to adjust the Face Amount based on their changing insurance needs, subject to underwriting approval.
Face Amount in an Indexed Universal Life insurance policy refers to the guaranteed minimum death benefit that will be paid to the beneficiaries upon the policyholder's demise. It is the initial coverage amount selected by the policyholder at the time of purchasing the IUL policy.
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