At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free. (briansoinsurance.com)
Zero coupon CDs are sold at a discount to their face amount and pay the entire face amount at maturity. (investinginbonds.com)
Graded Final Expense - The insured usually has a two year waiting period before the entire face amount can be paid to their beneficiary. (bestchoicelifeinsurance.com)