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Phrases with «face amount»

The term "face amount" refers to the initial value or sum of money stated on a financial document, such as a bond or a life insurance policy. It is the amount that will be paid out or repaid when the document reaches its maturity or when an insured event occurs. Full definition

Related phrases

Sentences with «face amount»

  • The full underwriting process will be required for all individuals between ages 16 — 85 years of age who are applying for policy face amounts of $ 400,000 or more. (abramsinc.com)
  • The company has not actually given a name to its accelerated underwriting program, but the option is available for ages 65 and under for face amount of $ 250,000 and under. (insuranceandestates.com)
  • All policies are subject to approval, and policies with face amounts of $ 200,000 and over require underwriting approval before the premium can be collected. (ffb.com)
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