Final answer:
The face amount of an Industrial or Home Service Contract is typically $1,000 or less, aimed at covering funeral expenses.
Step-by-step explanation:
Under an Industrial or Home Service Contract, the face amount of the policy is normally $1,000 or less (Option C). These policies are also referred to as "burial policies" or "final expense insurance," and they are designed to provide a small payout to cover funeral expenses and other associated costs. Industrial or Home Service Contracts are typically sold door-to-door or through home visits by insurance agents, and their premiums are often collected on a weekly or monthly basis.