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.
Death Benefit Just as there is Increasing and Level Cost of insurance, there is also Increasing and Level Death Benefit. With an Increasing Death Benefit, your insured amount stays fixed, while your death benefit increases with the accumlated savings. Using an example of $500,000 Insured amount, plus $100,000 in the savings component, with an Increasing Death Benefit, the total payout would be $600,000 upon death.