{"id":226729,"date":"2025-05-06T12:49:02","date_gmt":"2025-05-06T12:49:02","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/insurance\/life-insurance-face-value-terms-explained\/"},"modified":"2025-05-06T12:49:02","modified_gmt":"2025-05-06T12:49:02","slug":"life-insurance-face-value-terms-explained","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=226729","title":{"rendered":"Life Insurance Face Value (Terms Explained)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\"><\/p>\n<div class=\"su-box su-box-style-default\">\n<p>What You Should Know<\/p>\n<div class=\"su-box-content su-u-clearfix su-u-trim\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is no difference between life insurance face value and life insurance death benefits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The face value of your policy will impact your monthly life insurance rates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Term life and whole life insurance both have a face value, but only whole policies accrue cash value<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Life insurance provides varying amounts of <\/span><a href=\"https:\/\/www.quickquote.com\/life-insurance-death-benefit\/\"><span style=\"font-weight: 400;\">life insurance death benefits<\/span><\/a><span style=\"font-weight: 400;\"> depending on the coverage and company you choose. This is known as the life insurance face value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no difference between face value and death benefits, and many life insurance companies use these terms interchangeably when determining your rates. The higher your face value, the higher your rates, but you can find $500,000 life insurance coverage for $25 monthly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keep reading to learn how to calculate life insurance face value and determine the right amount of coverage for you.<\/span><\/p>\n<h2>The Face Value of Life Insurance<span class=\"custom-toc\" id=\"the-face-value-of-life-insurance\" data-toc=\"The Face Value of Life Insurance\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Life insurance face value refers to the death benefit plus any additional riders. To understand the face amount in life insurance, first find out <\/span><a href=\"https:\/\/www.quickquote.com\/how-does-life-insurance-work\/\"><span style=\"font-weight: 400;\">how life insurance works<\/span><\/a><span style=\"font-weight: 400;\"> \u2014 you pick a benefit amount when you buy coverage, and how much you choose will impact your life insurance rates:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span id=\"tablepress-1453-description\" class=\"tablepress-table-description tablepress-table-description-id-1453\"><strong>Life Insurance Face Value Average Premiums<\/strong><\/span><\/p>\n<div class=\"phoenix-tablepress-wrapper\" id=\"phoenix-1453-tablepress-wrapper\">\n<table id=\"tablepress-1453\" class=\"tablepress tablepress-id-1453 col-1-w-50 col-2-w-50\" aria-describedby=\"tablepress-1453-description\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\">Face Value<\/th>\n<th class=\"column-2\">Monthly Rates<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\">$100,000<\/td>\n<td class=\"column-2\">$10<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td class=\"column-1\">$250,000<\/td>\n<td class=\"column-2\">$15<\/td>\n<\/tr>\n<tr class=\"row-4\">\n<td class=\"column-1\">$500,000<\/td>\n<td class=\"column-2\">$25<\/td>\n<\/tr>\n<tr class=\"row-5\">\n<td class=\"column-1\">$750,000<\/td>\n<td class=\"column-2\">$34<\/td>\n<\/tr>\n<tr class=\"row-6\">\n<td class=\"column-1\">$1,000,000<\/td>\n<td class=\"column-2\">$42<\/td>\n<\/tr>\n<tr class=\"row-7\">\n<td class=\"column-1\">$2,000,000<\/td>\n<td class=\"column-2\">$77<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><!-- #tablepress-1453 from cache --><\/span><\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400;\">You can add <\/span><a href=\"https:\/\/www.quickquote.com\/what-are-insurance-riders\/\"><span style=\"font-weight: 400;\">life insurance riders<\/span><\/a><span style=\"font-weight: 400;\">, which can increase the benefit amount and, therefore, the face value of the policy. It will also increase your rates, so shop around with multiple companies to find the right price for your budget.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"the-difference-between-life-insurance-face-value-and-death-benefits\"\/>The Difference Between Life Insurance Face Value and Death Benefits<span class=\"ez-toc-section-end\"\/><\/h3>\n<p><span style=\"font-weight: 400;\">There is no difference between face value and death benefits when it comes to life insurance, so don\u2019t be intimidated by companies or agents who use one or both of these terms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just remember that life insurance face value is the amount of death benefits you chose for your policy. Take advantage of our <\/span><a href=\"https:\/\/www.quickquote.com\/term-life-insurance-calculator\/\"><span style=\"font-weight: 400;\">term life insurance calculator<\/span><\/a><span style=\"font-weight: 400;\"> to determine the right face value for your coverage.<\/span><\/p>\n<style><![CDATA[\n          \n          \n\n                  ]]><\/style>\n<section id=\"mda_4d0c3b\" class=\"alt-responsive-mda mda alt-shortcode\">\n<div class=\"mda-contents\">\n<p>Your life insurance quotes are always free.<\/p>\n<p class=\"secured-mda\"><img loading=\"lazy\" decoding=\"async\" alt=\"secured lock\" width=\"13\" height=\"13\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\" alt=\"secured lock\" width=\"13\" height=\"13\"\/>\u00a0Secured with SHA-256 Encryption<\/p>\n<\/p><\/div>\n<\/section>\n<h2>Determining the Face Value of an Insurance Policy<span class=\"custom-toc\" id=\"determining-the-face-value-of-an-insurance-policy\" data-toc=\"Determining the Face Value of an Insurance Policy\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Most life insurance payouts are ten times the policyholder\u2019s annual income. So if you earn $50,000, a $500,000 life insurance policy should provide enough coverage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider the type of life insurance you need based on your budget, as both policy type and face value affect your rates:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span id=\"tablepress-681-description\" class=\"tablepress-table-description tablepress-table-description-id-681\"><strong>Life Insurance Face Value: Types of Policies and Average Premiums<\/strong> <\/span><\/p>\n<div class=\"phoenix-tablepress-wrapper\" id=\"phoenix-681-tablepress-wrapper\">\n<table id=\"tablepress-681\" class=\"tablepress tablepress-id-681\" aria-describedby=\"tablepress-681-description\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\">Type of Life Insurance Policy<\/th>\n<th class=\"column-2\">Face Value Range<\/th>\n<th class=\"column-3\">Monthly Rates<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\">Term Life Insurance<\/td>\n<td class=\"column-2\">$50,000 &#8211; $500,000<\/td>\n<td class=\"column-3\">$10 &#8211; $50<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td class=\"column-1\">Whole Life Insurance<\/td>\n<td class=\"column-2\">$50,000 &#8211; $250,000<\/td>\n<td class=\"column-3\">$50 &#8211; $200<\/td>\n<\/tr>\n<tr class=\"row-4\">\n<td class=\"column-1\">Universal Life Insurance<\/td>\n<td class=\"column-2\">$100,000 &#8211; $250,000<\/td>\n<td class=\"column-3\">$50 &#8211; $150<\/td>\n<\/tr>\n<tr class=\"row-5\">\n<td class=\"column-1\">Variable Life Insurance<\/td>\n<td class=\"column-2\">$100,000 &#8211; $250,000<\/td>\n<td class=\"column-3\">$100 &#8211; $250<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><!-- #tablepress-681 from cache --><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Use our guide to compare <\/span><a href=\"https:\/\/www.quickquote.com\/different-types-of-life-insurance-explained\/\"><span style=\"font-weight: 400;\">different types of life insurance<\/span><\/a><span style=\"font-weight: 400;\"> before you buy to get the best coverage.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"the-face-value-of-a-life-insurance-policy-can-change\"\/>The Face Value of a Life Insurance Policy Can Change<span class=\"ez-toc-section-end\"\/><\/h3>\n<p><span style=\"font-weight: 400;\">We stated earlier that riders can increase life insurance face value, but the face value can also change due to:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Fraud: <\/b><span style=\"font-weight: 400;\">Lying on your life insurance application, such as omitting dangerous hobbies, can cost your beneficiaries and reduce the face value to nothing.<\/span><\/li>\n<li aria-level=\"1\"><b>Investments: <\/b><span style=\"font-weight: 400;\">Whole life insurance accrues cash value, increasing the policy\u2019s worth but not affecting face value. Beneficiaries don\u2019t receive a bigger benefit, but policyholders can borrow against the invested cash value.<\/span><\/li>\n<li aria-level=\"1\"><b>Loans: <\/b><span style=\"font-weight: 400;\">With whole life insurance, you can borrow against the cash value of the policy. However, if you fail to pay back the loan before you pass, the insurer will deduct the amount owed from the death benefits, reducing the face value of the policy.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some changes only affect <\/span><a href=\"https:\/\/www.quickquote.com\/permanent-life\/\"><span style=\"font-weight: 400;\">permanent life insurance<\/span><\/a><span style=\"font-weight: 400;\"> since these policies are the only ones to offer investment opportunities, loans, and cash value growth. The face value of <a class=\"wpil_keyword_link\" title=\"term life insurance\" href=\"https:\/\/www.quickquote.com\/term-life-insurance-quotes\/\" data-wpil-keyword-link=\"linked\">term life insurance<\/a> rarely changes since the policy doesn\u2019t generate cash value.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"term-life-insurance-face-value-vs-whole-life-insurance-face-value\"\/>Term Life Insurance Face Value vs. Whole Life Insurance Face Value<span class=\"ez-toc-section-end\"\/><\/h3>\n<p><span style=\"font-weight: 400;\">Both term life and whole life insurance have face value based on the death benefit amount, but term life does not accrue cash value. Explore other differences between these policies:<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><span id=\"tablepress-352-description\" class=\"tablepress-table-description tablepress-table-description-id-352\"><strong>Term vs Whole Life Insurance: Key Differences<\/strong><\/span><\/p>\n<div class=\"phoenix-tablepress-wrapper\" id=\"phoenix-352-tablepress-wrapper\">\n<table id=\"tablepress-352\" class=\"tablepress tablepress-id-352 header-align-center align-center col-1-w-50 col-2-w-50\" aria-describedby=\"tablepress-352-description\">\n<thead>\n<tr class=\"row-1\">\n<th class=\"column-1\">Term Life <\/th>\n<th class=\"column-2\">Whole Life <\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n<td class=\"column-1\">Set number of years, typically between 10-20<\/td>\n<td class=\"column-2\">For life<\/td>\n<\/tr>\n<tr class=\"row-3\">\n<td class=\"column-1\">Cheaper rates<\/td>\n<td class=\"column-2\">More expensive rates<\/td>\n<\/tr>\n<tr class=\"row-4\">\n<td class=\"column-1\">No savings vehicle<\/td>\n<td class=\"column-2\">Savings Vehicle \/ Cash Value<\/td>\n<\/tr>\n<tr class=\"row-5\">\n<td class=\"column-1\">Can add riders<\/td>\n<td class=\"column-2\">Can add riders<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><!-- #tablepress-352 from cache --><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Life insurance face value will impact both term and whole life insurance rates, but whole life is more expensive since coverage lasts longer and generates cash value.<\/span><\/p>\n<h2>How Life Insurance Face Value Differs From Cash Value<span class=\"custom-toc\" id=\"how-life-insurance-face-value-differs-from-cash-value\" data-toc=\"How Life Insurance Face Value Differs From Cash Value\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">The biggest difference between life insurance face value vs. cash value is that you cannot <\/span><span style=\"font-weight: 400;\">withdraw from life insurance face value.<\/span><\/p>\n<p><a href=\"https:\/\/www.quickquote.com\/what-is-cash-value-life-insurance\/\"><span style=\"font-weight: 400;\">What is cash value life insurance?<\/span><\/a><span style=\"font-weight: 400;\"> Cash value policies are a type of whole life insurance where a portion of your annual premiums is invested in the stock market. It acts like a <\/span><a href=\"https:\/\/www.quickquote.com\/life-insurance-savings-accounts\/\"><span style=\"font-weight: 400;\">life insurance savings account<\/span><\/a><span style=\"font-weight: 400;\"> that can cover future life insurance payments.<\/span><\/p>\n<p><a href=\"https:\/\/www.quickquote.com\/can-life-insurance-be-cashed-out\/\"><span style=\"font-weight: 400;\">Can life insurance be cashed out?<\/span><\/a> <span style=\"font-weight: 400;\">Whole life insurance can be cashed out<\/span><span style=\"font-weight: 400;\"> for the cash value when you surrender the policy. You will receive the life insurance cash value minus any debts, but you will lose the face value, and your beneficiaries will receive nothing. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider the differences between <\/span><a href=\"https:\/\/www.quickquote.com\/cash-value-vs-surrender-value-life-insurance\/\"><span style=\"font-weight: 400;\">cash value vs. surrender value<\/span><\/a><span style=\"font-weight: 400;\"> before you decide to cancel life insurance.<\/span><\/p>\n<h2>Understanding Life Insurance Face Value<span class=\"custom-toc\" id=\"understanding-life-insurance-face-value\" data-toc=\"Understanding Life Insurance Face Value\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Life insurance face value is the death benefit amount you leave behind, so pick your beneficiary wisely. Follow our guide on <\/span><a href=\"https:\/\/www.quickquote.com\/how-to-choose-a-life-insurance-beneficiary\/\"><span style=\"font-weight: 400;\">how to choose a life insurance beneficiary<\/span><\/a><span style=\"font-weight: 400;\"> to maximize the face amount of your policy to meet the needs of your loved ones.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To determine life insurance face value, multiply your annual income by ten and consider adding life insurance riders based on your unique lifestyle. The face value will influence your rates, so compare life insurance quotes online to find the most affordable policy near you.<\/span><\/p>\n<div class=\"faq-container-regular-text faq-container-schema\">\n<style><![CDATA[\n          \n          \n\n                  ]]><\/style>\n<section id=\"mda_7459ba\" class=\"alt-responsive-mda mda alt-shortcode\">\n<div class=\"mda-contents\">\n<p>Your life insurance quotes are always free.<\/p>\n<p class=\"secured-mda\"><img loading=\"lazy\" decoding=\"async\" alt=\"secured lock\" width=\"13\" height=\"13\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\" alt=\"secured lock\" width=\"13\" height=\"13\"\/>\u00a0Secured with SHA-256 Encryption<\/p>\n<\/p><\/div>\n<\/section>\n<h2 class=\"faq-headline\">Frequently Asked Questions<span class=\"custom-toc\" id=\"frequently-asked-questions\" data-toc=\"Frequently Asked Questions\"\/><\/h2>\n<h3 class=\"question\" id=\"how-much-is-my-life-insurance-policy-worth\"><span class=\"ez-toc-section\" id=\"how-much-is-my-life-insurance-policy-worth\"\/>How much is my life insurance policy worth?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Your life insurance policy is worth the total of your death benefit plus any additional rider coverage you have.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"what-is-face-value-in-life-insurance\"><span class=\"ez-toc-section\" id=\"what-is-face-value-in-life-insurance\"\/>What is face value in life insurance?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Life insurance face value refers to the death benefit amount you chose at purchase.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"can-life-insurance-face-value-change-over-time\"><span class=\"ez-toc-section\" id=\"can-life-insurance-face-value-change-over-time\"\/>Can life insurance face value change over time?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>If you have whole life insurance and borrow against the cash value, the life insurance face value can change if you fail to repay the loans.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"how-do-i-choose-the-right-life-insurance-face-value\"><span class=\"ez-toc-section\" id=\"how-do-i-choose-the-right-life-insurance-face-value\"\/>How do I choose the right life insurance face value?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Multiply your annual income by ten to determine the right life insurance face value for your policy.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"what-is-life-insurance-face-value-vs-cash-value\"><span class=\"ez-toc-section\" id=\"what-is-life-insurance-face-value-vs-cash-value\"\/>What is life insurance face value vs. cash value?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Life insurance face value refers to the policy death benefits, while life insurance cash value is an additional amount earned by investing a percentage of your life insurance rates.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"can-i-withdraw-face-value-from-life-insurance\"><span class=\"ez-toc-section\" id=\"can-i-withdraw-face-value-from-life-insurance\"\/>Can I withdraw face value from life insurance?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>No, you cannot withdraw from life insurance death benefits, only from the cash value component of whole life insurance.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"what-is-the-cash-value-of-a-25000-life-insurance-policy\"><span class=\"ez-toc-section\" id=\"what-is-the-cash-value-of-a-25000-life-insurance-policy\"\/>What is the cash value of a $25,000 life insurance policy?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Life insurance cash value varies based on your insurance rates and market performance. The common rate of return is between 1%-3% of your annual premiums.<\/p>\n<\/div>\n<\/div>\n<h3 class=\"question\" id=\"is-life-insurance-face-value-taxable\"><span class=\"ez-toc-section\" id=\"is-life-insurance-face-value-taxable\"\/>Is life insurance face value taxable?<br \/><span class=\"ez-toc-section-end\"\/><\/h3>\n<div class=\"answer\">\n<div class=\"inner\">\n<p>Life insurance face value is not taxable as long as your beneficiaries receive the death benefits in one lump sum.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<style><![CDATA[\n          \n          \n\n                  ]]><\/style>\n<section id=\"mda_5208dd\" class=\"alt-responsive-mda mda alt-shortcode\">\n<div class=\"mda-contents\">\n<p>Your life insurance quotes are always free.<\/p>\n<p class=\"secured-mda\"><img loading=\"lazy\" decoding=\"async\" alt=\"secured lock\" width=\"13\" height=\"13\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.quickquote.com\/wp-content\/plugins\/leads-master\/assets\/images\/secured_lock.svg\" alt=\"secured lock\" width=\"13\" height=\"13\"\/>\u00a0Secured with SHA-256 Encryption<\/p>\n<\/p><\/div>\n<\/section>\n<div class=\"post-eat\">\n<div id=\"eat-block-top\">\n<div class=\"eat-blocks-main \">\n<div class=\"eat-experts-wrapper\">\n<div class=\"eat-block author \">\n<div class=\"eat-inner\">\n<div class=\"eat-bio\">\n<div class=\"eat-bio-box\">\n<p class=\"byline\">Written by:<\/p>\n<p class=\"title\"><b>Rachael Brennan<\/b><\/p>\n<p class=\"moniker\">Licensed Insurance Agent<\/p>\n<p>Rachael Brennan\u00a0has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for\u00a021st Century Insurance, during which time she earned her Property and Casualty license in all 50 states.&#13;<br \/>\n&#13;<br \/>\nAfter several years she expanded her insurance expertise, earning her license in Health and AD&amp;D insurance as well. She has worked for small health in&#8230;<\/p>\n<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div class=\"eat-block reviewer\">\n<div class=\"eat-inner\">\n<div class=\"eat-bio\">\n<div class=\"eat-bio-box\">\n<p class=\"byline\">Reviewed by:<\/p>\n<p class=\"title\"><b>Tim Bain<\/b><\/p>\n<p class=\"moniker\">Founder &amp; Life Insurance Agent<\/p>\n<p>Tim Bain is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance.\u00a0&#13;<br \/>\n&#13;<br \/>\nHis insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS\/3, a communications and marking firm located in Nevada.\u00a0<\/p>\n<\/div>\n<\/div>\n<div class=\"eat-info \">\n<p class=\"eat-moniker\">Founder &amp; Life Insurance Agent<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"editorial-disclaimer\">\n<p><a href=\"https:\/\/www.quickquote.com\/editorial-guidelines\/\">Editorial Guidelines<\/a>: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>What You Should Know There is no difference between life insurance face value and life insurance death benefits The face value of your policy will impact your monthly life insurance rates Term life and whole life insurance both have a face value, but only whole policies accrue cash value Life insurance provides varying amounts of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":226730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[11385,844,11034,3333,11386],"dealstore":[],"offerexpiration":[],"class_list":["post-226729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","tag-explained","tag-face","tag-insurance","tag-life","tag-terms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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