In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death. (moneysense.ca)
Every guaranteed acceptance life policy will immediately pay out the full face value of the policy if death is due to an accident. (choicemutual.com)
Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary. (coverme.com)