Face Amount Charge refers to a fee deducted by the insurance company, typically on a monthly basis, to provide the death benefit coverage. This charge is based on the total death benefit, or "face amount," of the policy and can vary depending on factors such as the policyholder's age, health, and the total coverage amount.
Face Amount Charge refers to a fee deducted by the insurance company, typically on a monthly basis, to provide the death benefit coverage. This charge is based on the total death benefit, or "face amount," of the policy and can vary depending on factors such as the policyholder's age, health, and the total coverage amount.
The Face Amount Charge ensures that the insurer can fulfill the death benefit obligation to the beneficiaries in the event of the policyholder's demise, and it is one of the various charges that can affect the cash value accumulation within an IUL policy.
Face Amount Charge refers to a fee deducted by the insurance company, typically on a monthly basis, to provide the death benefit coverage. This charge is based on the total death benefit, or "face amount," of the policy and can vary depending on factors such as the policyholder's age, health, and the total coverage amount.
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