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face value |
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face value
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Colony Term UL will be highly competitive with term insurance for face amounts below $1 million, and remains competitive for face amounts up to $5 million. The size of a life insurance company often is measured by the face amount of its portfolio, that is, the amount of life insurance it has issued that is in force. In comes the recent term life insurance introduction that provides for families to purchase a death benefit face amount that is paid out over a certain number of years 5,10,15. |
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