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...
BREAKING DOWN 'Add To Cash Value Option'. In universal life insurance, policy owners can opt to participate in the surplus of the insurance company and receive the dividends annually. Here, they have the option to add the accumulated cash value to the face amount when the death benefit is paid.
Other cash value life insurance considerations. Your cash value grows tax-deferred. Cash value is only taxable when it's worth more than what you have paid into the policy. For example, if you've paid $20,000 in premiums, have $25,000 in cash value and withdraw $23,000, $3,000 is taxable.