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.
Only permanent life insurance policies offer cash surrender value. This includes policies such as whole life and universal life â those offering a premium savings component as well as a death benefit. Term life insurance policies, on the other hand, don't offer a payout before the date the policy matures.