Define sepsis. sepsis synonyms, sepsis pronunciation, sepsis translation, English dictionary definition of sepsis. n. Systemic infection by pathogenic microorganisms, especially bacteria, that have invaded the bloodstream, usually from a local source. Sepsis is...
For example, on death, if the cash value accrued within a policy is $100,000. Under the add to cash value option, the beneficiaries would receive the face value of the life insurance policy plus the $100,000 cash value. However, the increased benefit option indicates higher premiums for the policy owners.
With increasing, you are purchasing a fixed amount of life insurance (death benefit) along with the increasing cash value. For instance, with a $500k increasing death benefit, any cash value will increase the overall death benefit if the insured dies. If the cash value is $25K, the death benefit would be $525K.