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.
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.