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.
Another common use of reduced paid up insurance is as a non-forfeiture option. With term life insurance, if you stop making premium payments the policy will quickly lapse and leave you without protection. With a permanent insurance policy, you can convert it to a reduced amount of paid up coverage.