Face value is the amount paid to beneficiaries upon death; it's the main factor in setting monthly premiums.
Withdrawing or borrowing cash value reduces the face value; extra riders or additions can increase it.
Term policy face value usually stays the same; permanent policy face value can change with additions or withdrawals.
Face value affects policy cost: higher face value or added riders mean higher premiums, especially for permanent policies.
Check policy statements or consult your agent to track current face value and understand changes from loans or withdrawals.
