Death Protection

the feature of a life insurance policy that provides money if the insured person dies while the policy is in force. Face Amount: the amount of money stated in the declarations or schedule pages of a life insurance policy as the amount of insurance to be paid upon the death of the insured person. With a Cash Value Life Insurance Policy, the Face Amount is an important factor in determining the Death Benefit to be paid upon the death of the insured, but it is usually not the only factor.