The phrase "coverage amount" refers to the total sum of money that an insurance policy will pay out if a claim is made. It represents the maximum financial protection that the policy provides. Full definition
A medical exam is required for coverage amounts of $ 400,000 and $ 500,000. (neamb.com)
Pros: These policies allow you to purchase high coverage amounts for low prices. (trustedchoice.com)
This is fairly common for people who need life insurance immediately, but want to work towards a lower price or a higher coverage amount in the future. (quotacy.com)