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.
The policy cash value is used by the insurer as a single premium to purchase a completely paid-up permanent policy that has reduced face amount from that of the former policy. Extended Term. The insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy.