Face amount意思

"Face amount" is a term often used in the context of insurance, specifically life insurance. It refers to the stated amount of coverage that an insured person receives in the event of their death. In other words, it is the amount of money that the insurance company promises to pay to the beneficiaries upon the death of the insured individual.

For example, if a person takes out a life insurance policy with a face amount of $100,000, that means that the insurance company will pay $100,000 to the beneficiaries if the insured person dies while the policy is in force.

The face amount is typically specified in the insurance policy contract and is separate from the premiums paid by the policyholder. The face amount can also be referred to as the "sum assured" or "death benefit."