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.
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.