Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

face amount insured by the policy

Read a random definition: alta via

A quick definition of face amount insured by the policy:

Face amount insured by the policy: The amount of money that an insurance policy will pay out if something bad happens. It's like the maximum amount of money you can get from the insurance company. This is also called the face value or face amount of the policy.

A more thorough explanation:

Definition: The face amount insured by the policy refers to the amount of money that an insurance policy will pay out in the event of a claim. It is also known as the face value or the face of the policy.

Example: If you have a life insurance policy with a face amount of $500,000, that means that if you were to pass away, your beneficiaries would receive a payout of $500,000 from the insurance company.

Explanation: The example illustrates how the face amount insured by the policy works in the context of life insurance. The face amount is the amount of money that the policy will pay out to the beneficiaries upon the death of the insured person. In this case, the face amount is $500,000.

face-amount certificate of the installment type | face of policy

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
LSD+ is ad-free, with DMs, discounts, case briefs & more.