What is the death benefit of a whole life insurance policy scheduled to equal?

The death benefit of a whole life insurance policy is designed to provide a guaranteed amount known as the face amount of the policy, which is typically payable upon the death of the insured. In many whole life policies, this amount is structured to ensure that the total death benefit is equal to the face value of the policy when the policyholder reaches a certain age, commonly age 100. This is a fundamental characteristic of whole life insurance, as it guarantees both a death benefit and a level premium throughout the life of the insured.

The other options represent different aspects of a whole life policy. Premium payments made during the insured's lifetime contribute to the policy but do not dictate the death benefit amount. The cash value that accumulates in a whole life policy is accessible during the insured's lifetime, but it is not the death benefit. The market value can vary based on external factors but does not determine the guaranteed death benefit, which is established at issuance. Thus, the face amount remains the primary focus for the benefit payable upon death.