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.
A nonforfeiture provision in a whole life policy that uses cash value to purchase term insurance equal to the existing amount of life insurance. 1  Suggest an improvement or addition to the Insurance and Risk Management Glossary. 2  Buy a print version of the Insurance and Risk Management Glossary.  Link to the Insurance and Risk Management Glossary.